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Crude oil prices have maintained their upward trajectory, surpassing the $78.66 level and closing above it, affirming the continuation of the bullish trend. The next key target is $80.08, with a potential move towards $81.84 if this level is breached.
Support from the EMA50 reinforces the bullish outlook. However, a drop below $78.66 would invalidate the positive trend and could lead to a shift back towards a bearish correction.
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Today’s anticipated trading range is between $77.60 support and $80.70 resistance.
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Trend Forecast: Bullish
