Crude oil price shows slight bearish bias in attempt to move away from the intraday bearish channel’s resistance, supported by the negative signal provided by stochastic, waiting to motivate the price to provide more negative trades to head towards our waited targets that start at 38.50 and extend to 36.10, reminding you that the continuation of the expected bearish wave depends on the price stability below 40.80.
The expected trading range for today is between 39.00 support and 42.00 resistance.
The expected trend for today: Bearish