Crude oil price hovers around the EMA50, and didn’t show any strong move since morning, to remain stuck between the trend keys represented by 68.10 support and 70.55 resistance, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
To review the details of the expected targets after the breach, please check our morning issued report.
The expected trading range for today is between 67.30 support and 70.80 resistance.
The expected trend for today: Neutral