Crude oil prices have exhibited limited movement around the EMA50 without a decisive shift since the morning session. Consequently, our neutrality stance remains in effect as we await a breakout below the support level at 72.40 or above the resistance level at 73.73 to determine the next clear direction.
For a detailed overview of the anticipated targets following a breach, kindly refer to our earlier morning report on crude oil prices.
The expected trading range for today is anticipated to oscillate between the support level at 71.00 and the resistance level at 74.50.
In summary, the current trend for today maintains a neutral bias, with crude oil prices yet to indicate a definitive direction, necessitating a breakout to establish a clearer outlook.
