Crude oil prices have initially breached the $76.86 level and are currently attempting to sustain this position. This development suggests a potential activation of the positive scenario in the upcoming sessions. However, confirmation of the price holding above this level for the next four hours is needed to validate the continuation of the upward trend.
Until then, we maintain a neutral stance. Should the price confirm a breach of the $76.86 level, it may target positive gains, starting with a test of the $78.35 region. Conversely, if the price falls back below $76.86, it could face downward pressure, potentially moving towards the $75.00 level.
The expected trading range for today is between support at $75.40 and resistance at $78.50.
Trend Forecast: Neutral
