The (crude oil) rose in its last intraday trading, supported by the domination of the bullish correctional trend on the short-term basis, and its move alongside a bias line that reinforces the positive momentum, which might assist the price to settle and rise, especially with the emergence of the positive signals on the (RSI).
At the same time the price managed to surpass the negative pressure that comes from the EMA50, reinforcing the chances for the extension of the bullish move on the intraday basis, supporting the bullish scenario in its upcoming trading, unless there is something reversing these technical signals.
Therefore, our expectations suggest more of the upside movements in (crude oil) prices in the upcoming intraday trading, if the support level settles at$60.00, to target the critical resistance level at $64.00.
The expected trading range is between $61.00 support and $64.00 resistance.
Today’s forecast: Bullish
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