Crude oil price shows negative trades now to move below 63.35, which urges caution from the upcoming trading, as closing the daily candlestick below this level will stop the recently suggested positive scenario and force the price to start bearish correction that its targets begin at 60.90, while breaching the EMA50 represents the key to rally towards our expected targets that start at 64.90 and extend to 67.00.
The expected trading range for today is between 62.40 support and 65.50 resistance.
The expected trend for today: Bullish