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Crude oil prices are currently exhibiting positive movement as they approach the significant resistance level of $68.55. The price is making attempts to maintain this level, which necessitates caution in upcoming trades. A confirmed breach above $68.55 could trigger a bullish wave, potentially targeting a rise to $70.44.
Conversely, if the price falls below $68.55, it may revive a negative outlook, with potential targets set at $67.20 and subsequently $65.50.
For today, the anticipated trading range is expected to be between a support level of $66.50 and a resistance level of $69.50.
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