Crude oil price settles around the EMA50, moving inside intraday bearish channel that supports the chances of continuing the bearish bias to test 81.25 level mainly.
Therefore, we expect to witness negative trades in the upcoming sessions, taking into consideration that breaching 85.00 will stop the expected decline and lead the price to resume the main bullish trend again, to head towards visiting 87.05 level initially.
The expected trading range for today is between 82.00 support and 84.80 resistance.
The expected trend for today: Bullish