Crude oil price closed yesterday’s trading below 68.06 level, which hints the continuation of the bearish trend on the short term basis, paving the way to head towards the main bullish channel’s support at 65.65 as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price managed to rally upwards to breach 69.44 followed by 70.82 levels and hold above them.
Expected trading range for today is between 65.65 support and 70.00 resistance.
Expected trend for today: Bearish