Fundamental OverviewCrude oil went into a more dormant state after the huge volatility experienced in June during the Israel-Iran conflict. As the market erased the geopolitical premium, traders switched their focus back to global growth. The expectations continue to be skewed to the upside given the expansionary fiscal and monetary policies. Looking ahead, we have the August 1 tariff deadline that might keep the markets more on the defensive, but it certainly wouldn't be the first time that Trump postpones a deadline or tones down his threats. So, the probabilities are more skewed for positive outcomes.In fact, the risks for the bullish outlook include another growth scare from tariffs or a more hawkish repricing in interest rates expectations. In the bigger picture, the market might remain rangebound between the 60 and 90 levels, but the path of least resistance should remain to the upside. Crude Oil Technical Analysis - Daily TimeframeOn the daily chart, we can see that the selloff from the end of the Israel-Iran conflict stalled right at the key support zone around the 64.00 handle. That's where the buyers continue to pile in with a defined risk below the support to keep targeting new highs. The sellers will need a break below the support to open the door for a deeper correction into the 55.00 handle next.Crude Oil Technical Analysis - 4 hour TimeframeOn the 4 hour chart, we can see that the price recently rose to the 69.00 handle before pulling back into the support zone. This should be the new short-term range and the market participants will likely continue to play it by buying at support and selling at resistance until we get a breakout.Crude Oil Technical Analysis - 1 hour TimeframeOn the 1 hour chart, we can see that we have a minor downward trendline defining the current pullback into the support. We can expect the buyers to step in around the support to position for a rally into new highs and increase the bullish bets on a break above the trendline. The sellers, on the other hand, will likely continue to lean on the trendline to keep pushing into new lows targeting a break below the support. investingLive.com (formerly ForexLive.com) is your new companion for the latest financial market news and analysis This article was written by Giuseppe Dellamotta at investinglive.com.