Crude Oil Price Analysis Expected Scenario Crude oil price faced additional negative pressure yesterday to break 81.50$ and settles below it, hinting at a potential decline. However, today the price begins positively to test the broken level, which now acts as resistance, supported by the EMA50. This setup supports the chances of surpassing the mentioned level followed by reviving the recently suggested bullish wave targeting 82.25$ and 83.90$ levels as next positive stations. Therefore, we expect bullish bias in the upcoming sessions. Failing to breach 81.50$ could lead the price to suffer new losses and start a bearish wave targeting 80.55$ followed by 79.60$. Expected Trading Range Between 80.30$ support and 83.20$ resistance

Trend Forecast: Bullish