Crude oil price faces difficulty to continue the rise, noticing that the recent trades are confined inside negative pattern that we believe it will push the price to start temporary correctional bearish wave that targets testing 57.17 level initially.
Therefore, the bearish bias will be suggested for today, noting that breaking the targeted level will extend the bearish correction to reach 56.10 as a next target, while breaching 58.90 represents positive factor that will stop the expected bearish correction and leads the price to resume the main bullish trend again.
The expected trading range for today is between 56.50 support and 60.00 resistance.
The expected trend for today: Bearish