Crude Oil Price Analysis

Expected Scenario

Crude oil price traded negatively to approach the key support 85.05$. Attempts to recover again, and the price needs to get positive motive that supports the chances of continuing the expected bullish wave for the upcoming period.

Expected Outcome

The expected bullish wave targets 86.75$ followed by 89.40$ levels as next main stations.

Breaking 85.05$ will put the price under additional negative pressure to head towards visiting the bullish channel’s support line before any new positive attempt.

Expected Trading Range

Between 84.50$ support and 87.60$ resistance.

Trend Forecast: Bullish