Crude oil price begins to rebound bearishly after testing 67.40 level and holding below it, noticing that stochastic provides negatively overlapping signal now, waiting to motivate the price to achieve more decline in the upcoming period, reminding you that our next target is located at 64.43.
The EMA50 supports the suggested bearish wave, which its continuation conditions holding below 67.40.
Expected trading range for today is between 64.50 support and 67.50 resistance.
Expected trend for today: Bearish