Crude oil price keeps its positive stability
Crude oil price tested 57.40 level and bounced bullishly from there, to keep the bullish trend valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, as the price gets good positive support by the EMA50, waiting to head towards 60.90 that represents our next main target.
We should note that breaking 57.40 and holding below it will stop the expected rise and press on the price to decline again and target 54.60 areas on the near term basis.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bullish