Crude oil price showed some bearish bias affected by stochastic negativity, to move below 46.96 level now, and the price needs to step above this level again to confirm the continuation of our morning suggested positive scenario, as holding below this level represents negative factor that will push the price to visit 46.20 and might extend to 45.48 before attempting to regain the bullish trend.
In general, we will keep our positive overview for the rest of the day which its next main target located at 49.34.
Expected trading range for today is between 49.34 support and 49.34 resistance.
Expected trend for today: Bullish