Crude oil price settles above 72.00 barrier, getting positive support by the EMA50, to keep the price within the bullish channel that appears on the chart, waiting for more rise and head towards 73.30 followed by 74.10 levels that represent our next main targets, noting that it is important to settle above 71.38 to achieve the suggested targets.
Expected trading range for today is between 71.00 support and 74.10 resistance.
Expected trend for today: Bullish