Crude oil price begins bullish correction
Crude oil price keeps rising to breach the bearish channel’s resistance by today’s open and settles above it, to start bullish correction for the entire decline that started from 92.9 areas, on its way to test 75.63 as a first positive station.
Therefore, we expect to witness more rise in the upcoming sessions, and breaching the mentioned level will extend the bullish wave to reach 78.93 areas, while breaking 73.65 represents negative factor that will stop the correctional bullish trend and press on the price to decline again.
The expected trading range for today is between 72.50 support and 76 resistance, and the expected trend for today is Bullish.