3
Crude oil prices are currently exhibiting a bullish bias, reinforcing expectations for upward movement in the coming sessions. The price is on track to reach the target of $70.58, and a break above this level could extend the bullish trend towards $72.15 in the near term.
However, it’s important to note that a drop below $68.64 would reverse the current bullish trend and could lead to a decline in prices.
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The expected trading range for today is between $67.10 on the support side and $71.10 on the resistance side.
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Trend Outlook: Bullish
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