Crude oil price continues to fluctuate within sideways track since morning, settling above 72.00 barrier, and as long as the price is above 71.38, our bullish overview will remain active for today, supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, reminding you that our main targets begin at 73.35 and extend to 74.25, while achieving them conditions holding above 71.38.
Expected trading range for today is between 71.00 support and 74.10 resistance.
Expected trend for today: Bullish