Crude oil price shows bearish bias now on its way towards potential test to 60.86 level, to keep the price within the correctional bearish channel that appears on the chart, noticing that stochastic provides clear negative signals now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its next main target extends to reach 57.33, while holding below 62.75 represents key condition to achieve it.
The expected trading range for today is between 60.00 support and 63.30 resistance.
The expected trend for today: Bearish