Crude oil price fluctuates around the EMA50 since morning, keeping its stability below 54.00 level, which keeps our bearish overview valid for today, depending on the price move inside the minor channel that appears on the chart, waiting to test 50.50 level initially, noting that breaching 54.00 will push the price to achieve gains that reach 57.46 mainly.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bearish