700
The WTI crude oil price closed above 71.55 yesterday, maintaining a bullish outlook. The target for the oil price is to test 73.80, and if it rises above this level, it will push the price up to 76.10, becoming the next target. It should be noted that a double bottom pattern has formed, supporting the continuation of the bullish scenario, with support from the EMA50. However, if the price falls below 71.55 and stays below it, it will prevent the expected uptrend and push the price towards a bearish trend. The trading range is expected to be between 71.55 and 74.60 today.
