Crude oil price closed yesterday above 73.90$ level, to attempt to build bullish wave on the intraday basis and head towards achieving expected gains in the upcoming sessions, targeting testing 75.52$ mainly.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 73.90$ and holding below it will push the price to resume the correctional bearish track and head towards 72.30$ as a next negative station.

 

The expected trading range for today is between 72.80$ support and 75.80$ resistance

 

Trend forecast: Bullish