Crude oil price faces new negative pressure to break 117.30 level and settles below it, to head towards expected decline for the rest of the day, on its way to visit 115.00 followed by 113.70 levels as main negative targets, making the bearish bias suggested in the upcoming sessions unless the price managed to step above 117.30 and consolidate above it again.
The expected trading range for today is between 115.00 support and 119.35 resistance.
The expected trend for today: Bearish for the rest of the day