Crude Oil Price Analysis Expected Scenario Crude oil price continued to rise to manage to breach 81.50$ and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis. The price is organized inside the bullish channel that appears on the chart, supporting the chances of achieving new positive targets starting at 82.25$ and extending to 83.90$. The EMA50 keeps supporting the suggested bullish wave. Failing to consolidate above 81.50$ will push the price to turn to decline, testing the bullish channels support line at 80.25$ and potentially extending to 79.60$ before any new attempt to rise. Expected Trading Range Between 81.20$ support and 83.30$ resistance.

Trend Forecast: Bullish