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Crude oil prices are currently exhibiting positive momentum, testing the $68.55 level and making attempts to maintain trading above it. However, this situation necessitates caution, as a confirmed breach above this level could initiate a bullish wave aimed at reaching the primary target of $70.44.
To reinstate the negative outlook, prices must fall back below the $68.55 mark, with subsequent targets at $67.20 and $65.50.
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The expected trading range for today is set between a support level of $66.50 and a resistance level of $69.50.
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Trend Forecast: Bearish
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