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Crude oil prices showed notable positivity on Friday, successfully breaching the $68.55 level and settling above it. This movement indicates the potential for a bullish wave in the near term, with an initial target of $70.44. A further breach of this level could extend the upward trend, potentially reaching $71.95 as the next target.
Looking ahead, positive trading is anticipated in the upcoming sessions. However, a drop below the $68.55 level would halt this bullish scenario and likely lead to a decline in prices.
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The expected trading range for today is between support at $68.00 and resistance at $71.00.
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Trend Forecast: Bullish
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