Crude Oil Price Analysis Expected Scenario Crude oil price shows more bullish bias, reaching 87.00$ areas to cover the gap that appeared at the beginning of this week and reinforcing expectations of continuing the bullish trend in the upcoming sessions. Our next targets begin at 88.25$ and extend to 89.40$ after surpassing the previous level.

The EMA50 continues to support the price from below, reinforcing the positive outlook. Breaking 85.50$ will halt the current bullish wave and push the price to turn to decline, targeting the bullish channels support line around 83.05$ before any new attempt to rise.

Expected Trading Range Between the support at 85.50$ and the resistance at 88.60$

Trend Forecast: Bullish