Crude oil price traded with clear positivity after touching our waited target at 89.57, to test the key resistance 93.50 now, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to rebound bearishly to resume the bearish trend that its targets extend to 87.15 areas.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 93.50 followed by 94.50 levels will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 90.00 support and 95.50 resistance.
The expected trend for today: Bearish