Crude oil price settles near 72.00 level, and we prefer resuming the negative trading in the upcoming sessions, organized within the bearish channel that appears in the chart, waiting for visiting 70.00 level as a next main target.
Therefore, we keep preferring the bearish trend in the upcoming period, supported by the negative pressure that comes from the EMA50, reminding you that holding below 73.64 is important for the continuation of the expected decline.
The expected trading range for today is between 70.00 support and 73.64 resistance.
The expected trend for today: Bearish