Crude oil price continues to fluctuate at the bullish channel’s support line, and stochastic keeps providing the positive signals on the four hours’ time frame, waiting to motivate the price to rise in the upcoming sessions and regain the main bullish trend again, which targets 64.90 level as a first main station, while the stability above 62.85 represents key condition to achieve it.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bullish