Crude oil price shows sideways trading since morning and settles below 46.00, as the EMA50 continues to form negative pressure on the price, which targets 40.00 level as a next main station, reminding you that the continuation of the expected bearish trend conditions holding below 47.00.
Expected trading range for today is between 43.00 support and 47.00 resistance.
Expected trend for today: Bearish