98
The price of crude oil closed yesterday with significant gains, confirming its breakthrough above $81.84. This breakthrough halted the previous bearish correction and set the stage for further upward movement, aiming to test the recent high of $84.68.
Today, a bullish bias is anticipated, supported by trading above the EMA50 indicator. However, a decline below $81.84 could prompt a new round of bearish correction, with initial targets around $80.08.
Advertisements
The expected trading range for today is between support at $81.70 and resistance at $84.70.
Advertisements
Trend Forecast: Bullish
