Crude oil price provided negative trading yesterday and settled below the EMA50, reinforcing the expectatons of the main bearish trend continuation, where its initial target located at 51.80, reminding you that breaking this level will push the price to 50.00 as a next main station.
Stochastic current positivity might push the price to achieve some temporary upside moves before resuming the waited decline, reminding you that holding below 54.60 is important for the continuation of the bearish trend scenario.
The expected trading range for today is between 51.50 support and 54.60 resistance.
The expected trend for today: Bearish