Crude oil price continues to fluctuate around 68.06 level, and the price falls under continuous negative pressure coming by the EMA50, waiting to break the mentioned level to reinforce the expectations of continuing the bearish trend in the upcoming period, as our next target is located at 66.25.
Note that breaching 69.44 will stop the expected decline and push the price to achieve gains that start at 70.82 and extend to 72.53, to pave the way to resume the main bullish trend that stopped recently for the bearish correction.
Expected trading range for today is between 66.25 support and 69.44 resistance.
Expected trend for today: Bearish