Crude oil price attempted to breach 90.65 level but it faced solid resistance formed by the EMA50, which forced the price to rebound bearishly and settle below 90.00$ barrier, to keep the bearish trend scenario active, waiting to resume the negative trades to visit 85.90 level as a next main target.
On the other hand, we should note that breaching 90.70 followed by 91.25 levels will stop the expected decline and lead the price to start correctional bullish wave.
The expected trading range for today is between 87.00 support and 91.00 resistance.
The expected trend for today: Bearish