Crude oil price shows positive trades and approaches 82.00$ barrier, to reinforce the expectations to rise in the upcoming sessions, and attempts to cancel the potential head and shoulders pattern formation.

The technical indicators and the outlook

The EMA50 provides good support to the price, waiting to assist to push trades towards 82.70$ followed by 83.56$ as next main targets.

The expected scenarios

The expected trend for today is bullish, and breaching 81.85$ will ease the mission to achieve the waited targets.

Breaking 80.68$ will put the price under the correctional bearish pressure again, to turn to decline and target 78.90$ areas on the near-term basis.

Expected trading range and price overview

The expected trading range for today is between 80.00$ support and 83.00$ resistance

Trend forecast: Bullish