Crude oil price ended yesterday with clear positivity, as it confirmed breaching 68.65$ level, to head towards achieving expected rise on the intraday basis, targeting testing 70.58$ initially, being aware that it is important to monitor the price at this level due to its importance to determine the next trend, as breaching it will lead the price to achieve additional gains that extend to 72.15$, while consolidating below it will push the price to resume the bearish track again.
On the other hand, we should note that breaking 68.65$ will stop the expected bullish wave and push the price to decline again.
The expected trading range for today is between 68.00$ support and 71.00$ resistance
Trend forecast: Bullish
Origin: Economies
