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US crude oil futures prices achieved strong gains during the previous trading session, recording a high of 66.54.
Technically, with the success of crude oil in confirming the breach of the previously breached strong resistance level, which has now turned into a support level according to the concept of turnover 65.60, in addition to the stability of the RSI indicator above the 50 midline.
Therefore, the bullish scenario remains valid and effective, knowing that trading stability above 66.55 increases and accelerates the strength of the daily bullish trend, so that we are waiting for 67.00/67.10 a first target, and then 67.70 awaiting stop.
The activation of the bullish scenario depends on trading stability above 65.60/65.40 and the return of trading stability below it again is able to completely thwart the bullish scenario, and we may witness a bearish tendency, whose initial target lies around 64.20 areas.
| S1: 65.40 | R1: 67.10 |
| S2: 64.20 | R2: 67.70 |
| S3: 63.60 | R3: 68.85 |
