Price Analysis for Crude Oil Expected Scenario The crude oil price has resumed positive trades, testing the resistance line of the sideways range at 79.60$. A potential bearish rebound could lead to a test of the support line around 77.64$, maintaining a sideways bias on the intraday basis.

Breakouts above the resistance or below the support will provide clearer directional cues for the next move.

Breaking above the resistance at 79.60$ may lead to further gains towards 81.50$, while breaking below the support at 77.64$ could signal a resumption of the main bearish wave, targeting new lows starting at 75.25$.

Expected Trading Range Between 77.60$ support and 80.60$ resistance.

Trend Forecast: Sideways