Crude oil price begins today with new negativity to attack 71.05 and moves below it, which supports the expectations of extending the correctional bearish wave to target 69.25 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaking 69.85 will ease the mission of achieving the waited target, while failing to confirm breaking the current areas will lead the price to start recovery attempts that target testing 73.30 areas initially.
The expected trading range for today is between 69.25 support and 72.00 resistance.
The expected trend for today: Bearish