WTI Crude Oil Trapped in a Tight Range

Crude oil price tests the key resistance 69.25, and as we mentioned yesterday, this level represents one of the next trend keys besides 67.45 support, as the price needs to breach one of them to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaching the mentioned resistance will lead the price to achieve new gains that reach 71.05 initially, while breaking the support will put the price under negative pressure that targets 65.20 areas on the near term basis.

The expected trading range for today is between 67.45 support and 70.50 resistance.


The expected trend for today: Neutral and Sideways