Crude Oil Price Analysis Expected Scenario Crude oil price encountered solid resistance formed by the EMA50 at 85.45$, resulting in a slight bearish bias. However, positive momentum is awaited to assist in resuming the expected bullish wave on the intraday and short-term basis. The next main targets for the bullish trend are at 87.60$ followed by 89.30$ levels. We maintain our suggestion of a bullish trend for the upcoming period. It's important to note that breaking below 83.60$ will halt the expected rise and may initiate a bearish correction for the rise that began from 71.35$ areas. Expected Trading Range Between 83.60$ support and 86.70$ resistance.

Trend Forecast: Bullish