Crude oil price hovers around the EMA50, keeping its stability above 38.85 until now, to keep the bullish trend scenario valid for today, waiting to breach 40.41 to confirm opening the way to head towards 43.05 as a next main station, reminding you that breaking 38.85 followed by 37.35 levels will put the price under negative pressure that targets testing 36.10 initially.
The expected trading range for today is between 38.00 support and 41.00 resistance.
The expected trend for today: Bullish