The price of oil is trading around 41.40, and the price has shown narrow-range trades since yesterday, while the SMA 50 continues to provide positive support for the price, so we continue to suggest the bullish trend for the upcoming period, waiting for the breach of 43.05 To confirm the extension of the bullish wave towards 45.45.
On the other hand, it should be noted that a break of 39.54 will stop the expected rise and press the price to start a bearish intraday correction.
The expected trading range for today is between 40.50 support and 43.50 resistance
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The expected overall trend for today: Bullish
