Crude oil price tests the minor bearish channel’s resistance that appears on the chart, waiting to breach this level to get positive motive that reinforces the chances of attacking 54.40 that represents the most important resistance for the short term trades, which will lead the price to continue the bullish trend that targets 57.46 followed by 65.00 levels as next main stations.
Therefore, the bullish trend scenario will remain active conditioned by the price stability above 51.46.
Expected trading range for today is between 52.50 support and 55.50 resistance.
Expected trend for today: Bullish