Crude Oil Price Analysis

Crude oil price approached the 86.75$ level and bounced bearishly to move below the 86.00$ barrier, affected by RSI negativity. Positive momentum is awaited to assist in pushing the price to resume the main bullish trend, with targets extending to surpass the mentioned level to reach 89.40$ areas on the near-term basis. The positive scenario remains suggested in the upcoming sessions, with it important to hold above 85.05$ as a first condition for the continuation of the bullish wave. Breaking 85.05$ represents a negative key that will push the price to test 84.05$ areas before turning back to rise again. The expected trading range for today is between 84.50$ support and 87.60$ resistance.

Trend forecast: Bullish