Crude oil price shows strong negative trading to move away 65.50 level, supported by the EMA50 and stochastic negativity, waiting to target 63.78 level as a first main station, while holding below 65.50 represents key condition to achieve the waited targets, which extend to 61.64 on the near term basis.
Expected trading range for today is between 63.50 support and 66.50 resistance.
Expected trend for today: Bearish