July 25th, Crude oil price is facing negative pressure to break 78.90 level and reach the key support 78.25, and as we mentioned this morning, the price needs to hold above these levels to keep the bullish trend scenario active for today, which targets 80.00 followed by 82.00 levels mainly.
We remind you that breaking 78.25 will stop the bullish wave and force 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