Crude Oil price succeeded to hit the waited target shown clearly in the image below, this level represents the support level of the main upside channel.

Due to this level critical situation, besides the positivity that Stochastic provides now, I prefer to hold now to monitor the price behavior for the mentioned level – located at 85.35-, as a break below this level will open the door for more bearish actions and turning the med term trend into the downside.

On the other hand, holding above this level and bouncing up to breach resistance levels starting with 88.30 will offer positive signs to return to the upside bias again.

Trading range expected for today between 84.00 support and 89.35 resistance.