WTI Crude Oil Technical Report

Crude oil price bounced upwards clearly after reaching 81.70 areas yesterday, to surpass the minor bearish channel’s resistance and head towards achieving expected gains in the upcoming sessions, as we expect to target 87.30 followed by 89.00 levels as main positive stations.


Therefore, the bullish bias will be suggested for today, noting that breaking 84.10 will stop the positive scenario and press on the price to decline again.


The expected trading range for today is between 84.00 support and 87.30 resistance.


The expected trend for today: Bullish