Crude oil price provided new positive trades to surpass the second target at 78.80$ and reach 79.30$, and it is affected by the negative momentum to show some temporary bearish bias now, waiting to get positive motive that assist to push the price to resume the main bullish trend that its next target reaches 80.00$.
The EMA50 continues to support the suggested bullish wave, noting that breaking 78.25$ might push the price to turn to decline on the intraday basis to head towards testing 77.30$ areas and might extend to 76.40$ before any new attempt to rise.
The expected trading range for today is between 77.40$ support and 80.40$ resistance
Trend forecast: Bullish
Origin: Economies
