Crude oil price provides positive trading now on its way for a potential test to the key resistance 65.90, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario active for today, supported by stochastic negativity that appears clearly on the four hours’ time frame, reminding you that we need to break 65.05 level to confirm rallying towards our next target at 63.60.
Expected trading range for today is between 63.60 support and 66.40 resistance.
Expected trend for today: Bearish