Crude oil price crawls negatively to reach the key support 23.50, and as long as the price is above this level, our bullish overview will remain valid for today, supported by the positive signal through stochastic, and the price needs to surpass the EMA50 that forms resistance barrier at 24.45 to confirm rallying towards our next positive target at 27.64.
The expected trading range for today is between 23.00 support and 26.50 resistance.
The expected trend for today: Bullish