Crude Oil Price Analysis Expected Scenario Crude oil price continued to rise yesterday to breach 77.64$ level and close the daily candlestick above it, to support the chances of continuing the domination of the bullish trend in the upcoming sessions and pave the way to achieve new positive targets that reach 79.55$, but it begins today with clear negativity to press on the support line formed at 77.64$, which hints a potential turn to decline and stop the current bullish wave. We prefer to stay aside until the price confirms its situation according to 77.64$ level, noting that consolidating above it will lead the price to continue the rise towards the above mentioned positive target, while breaking it and holding below it represents the key to build bearish wave that targets 75.25$ areas on the near-term basis. Expected Trading Range Between 76.00$ support and 79.40$ resistance.

Trend Forecast: Neutral