Crude oil price shows some bullish tendency to move above 71.40, waiting for breach and stabilized above resistance zone 73.56 - 74.30 after tested the strong support zone 68.06 - 69.19 and pushed up
currently , stabilized above 73.56 -74.30 is important to achieve the suggested targets, as breaching it will push the price to build a bullish wave, with its main targets starting at 75.92. noting that breaking level 74.45 will open the way to targeting 75.2, 77.14 and 78.00
as for the bearish attempts , consolidation under 73.56 it will make the price under sell pressure to retest again to 71.40 , 70.44 and 69.19
the expect trading range for today is between the support line 71.40 and resistance line 73.56
support line :71.40 , 70.44 , 69.19 resistance line : 73.56 , 74.30 , 75.92