Crude oil price shows sideways trades since morning, settling around 112.00, to keep the bearish trend scenario active for today, supported by moving below the EMA50, waiting to head towards 109.15 mainly, noting that the continuation of the bearish wave depeneds on the price stability below 113.70.
The expected trading range for today is between 109.00 support and 114.00 resistance.
The expected trend for today: Bearish