Crude oil price confirmed breaching 73.70$ and provided clear positive trades yesterday, to reach 75.00$ barrier, which pushes the price to achieve more expected gains on the intraday and short-term basis, noting that the expected targets begin at 75.65$ and extend to 76.45$ after surpassing the previous level.
The bullish channel organizes the suggested bullish wave, which will remain valid unless breaking 73.70$ and holding with a daily close below it.
The expected trading range for today is between 73.45$ support and 76.45$ resistance
Trend forecast: Bullish
Origin: Economies
