Crude oil has left two gaps that have not yet been filled—one around $85 and another around $90. Both levels could be targets for bulls. However, for this to happen, we would need to see the price remain above $75; only then will it be viewed as a zone to open long positions.

Conversely, if crude oil falls below $75, it is likely to reach the lower band of the uptrend channel formed since July 22—around the psychological level of $70. Both levels could serve as good points for a technical rebound, as we also note that during June, the price of crude oil left a gap that has not yet been filled, and this could be a target in case of a downward move.

The Eagle indicator is showing a positive signal for crude oil, so we will look for buying opportunities in the event of a pullback toward $73 or $71—both levels could be seen as a buy signal. On the other hand, if the price of crude oil consolidates above $75, this could also be considered a good signal to buy.