July 25th, Crude oil price continues the attempts to breach 78.90 level, noticing that the price closed yesterday above it, which supports the continuation of the expected bullish trend on the short term and medium-term basis, reminding you that the next targets begin at 80.00 and extend to 82.00 after surpassing the previous level.
The EMA50 continues to support the suggested bullish wave, waiting to get positive momentum that assist to push the price to achieve the waited targets.
On the other hand, we should note that breaking 78.90 followed by 78.25 levels will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 77.70 support and 80.00 resistance.
The expected trend for today: Bullish