Crude Oil Continues Positive Momentum, Testing Key Resistance at 73.73

In the midday update, crude oil prices have continued their positive trajectory, reaching the crucial resistance level at 73.73. This level, along with the support line at 71.90, represents a key juncture for determining the next trend direction. As highlighted earlier today, the price must surpass one of these levels to provide clarity regarding its forthcoming destination, prompting a continuation of our neutral stance.

For a comprehensive review of the anticipated targets post-breach, kindly refer to our earlier morning report on crude oil prices.

The expected trading range for the remainder of the day oscillates between the support level at 71.00 and the resistance level at 74.60.

Expected Trend for Today: Neutral