The outlook for crude oil prices remains bullish, as they extend gains beyond the $81.50 level, signaling potential intraday upward movement with a target set at $83.90 as the next significant objective.
Market sentiment leans towards the continuation of the bullish trend in the forthcoming sessions. A breach above $82.80 will likely facilitate reaching the suggested target. Conversely, a downside break below $81.50 would interrupt the bullish momentum, leading to fresh losses, with the next corrective level anticipated around $79.60.
Expected Trading Range: $81.30 (Support) – $84.30 (Resistance)
Trend Forecast: Bullish