Crude oil price resumes its positive trading after leaning on 72.50 level that forms key support base, to move away gradually from this level, reinforcing the expectations of continuing the correctional bullish trend in the upcoming sessions, which targets 74.45 as a next positive station.
Therefore, the bullish trend scenario will remain active, supported by moving above the EMA50, motivated by the previously completed double bottom pattern, reminding you that it is important to hold above 72.50 to achieve the waited targets.
The expected trading range for today is between 71.40 support and 74.50 resistance.
The expected trend for today: Bullish