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Crude oil price under the negative pressure – Analysis - 18-03-2021
Crude oil price settles below 64.55, to keep the negative pressure valid for the upcoming period, waiting for new negative trades to break 63.55 level and open the way to visit our next target at 62.50.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 64.55 and holding above it is considered as a first positive key to attempt to stop the current negative pressure and start recovery attempts to regain the main bullish trend again.
The expected trading range for today is between 62.50 support and 65.50 resistance.
The expected trend for today: Bearish
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