Technical Analysis: Crude oil price gets a positive motive on July 27th

July 27th, Crude oil price leaned on 78.90 level and bounced upwards clearly by today’s open to move away from this level, reinforcing the expectations of continuing the expected bullish trend on the intraday and short-term basis, motivated by stochastic current positivity, organized inside the bullish channel that supports the chances of achieving our positive targets that start at 80.00 and extend to 82.00.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 78.90 and 78.25 levels.

The expected trading range for today is between 78.25 support and 81.50 resistance.

The expected trend for today: Bullish