Crude oil price resumed its strong negative trades to break 38.11 and approaches our waited negative target at 37.00, reinforcing the expectations of continuing the bearish trend in the upcoming period, noting that surpassing the mentioned level will extend the bearish wave to reach 36.00 as a next main station, while holding below 38.80 represents key condition to continue the expected decline.
The expected trading range for today is between 36.00 support and 38.80 resistance.
The expected trend for today: Bearish