Crude oil price approached from retesting 58.18 level and bounces lower from there, which supports the continuation of the expected bearish correctional trend on the intraday basis, which its targets begin at 55.50 and extend to 53.30 in case of breaking the previous level.
Therefore, we will keep preferring the bearish trend unless breaching 58.18 level and holding above it.
Expected trading range for today is between 56.00 support and 59.70 resistance.
Expected trend for today: Bearish