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As of today, the crude oil price remains within a defined range, with key support at $81.84 and resistance at $82.75. This maintains our neutral stance, awaiting a breakthrough of these levels to determine the next clear direction.
It’s crucial to note that a breach above the resistance level could signal a return to a bullish trajectory, targeting the next positive level at $84.68. Conversely, breaking below the support level would introduce new bearish pressures, potentially targeting a correction towards $80.08.
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The expected trading range for today is anticipated between support at $80.60 and resistance at $84.00.
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Trend Forecast: Neutral
