Crude oil price found solid resistance at our first positive target at 78.35$, and shows some slight bearish bias, and it might lean on the bullish trend line before rising again, waiting to breach the mentioned level to confirm opening the way to head towards 79.84$ as a next positive target.
The EMA50 provides the positive support to the price to reinforce the expectations to rise, reminding you that the continuation of the bullish wave requires holding above 76.86$.
The expected trading range for today is between 76.50$ support and 79.50$ resistance
Trend forecast: Bullish
Origin: Economies
