Technical Analysis: Midday update for Crude oil on July 28th

July 28th, Crude oil price shows new positive trades in attempt to resume the expected bullish trend for today, reinforcing the expectations of continuing the positive scenario on the intraday and short-term basis, which targets 82.00 as a next station, noting that surpassing this level will push the price to 83.50 as a next target.

In general, we will continue to suggest the bullish trend that moves organized in the bullish channel that appears on the chart conditioned by the price stability above 78.90 followed by 78.25 levels.

The expected trading range for today is between 78.70 support and 81.70 resistance.

The expected trend for today: Bullish