Update: Crude oil breaks the support

Crude oil price trades with clear negativity to begin the process of breaking the critical support 58.18, which mish stop the recently suggested positive scenario, especially in case having a four hours’ candlestick close below the mentioned level, which will put the price under the bearish correctional pressure again, to target 55.50 areas initially.

Therefore, it is important to monitor the next four hours’ candlestick close according to 58.18 level to confirm the next destination for the rest of the day.