Crude oil price shows slight bullish bias since morning, to fluctuate above 51.00 barrier, while t6he bearish trend remains the dominant as long as the price stable below 52.50 level, reminding you that our main waited target at 48.37.
Note that breaching 52.50 level will stop the suggested negative scenario and leads the price to return to the main bullish trend.
Expected trading range for today is between 49.00 support and 52.50 resistance.
Expected trend for today: Bearish