Crude oil price confirmed breaking the rising wedge pattern’s support that appears in the chart, to get a negative motive that reinforces the expectations of resuming the main bearish trend, opening the way towards the main waited target at 34.73.
Therefore, we will keep preferring the bearish bias that supported by the EMA50, pointing that stochastic current positivity might cause some temporary sideways fluctuation before resuming the suggested decline, which will remain valid unless breaching 43.37 level and holding above it.
Expected trading range for today is between 39.00 support and 43.37 resistance.
Expected trend for today: Bearish