Crude oil price trades positively now to move above 62.00 level, but it’s still within the bearish channel that appears on the chart, to keep the bearish trend scenario valid until now, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 60.00 followed by 59.05, while achieving them conditions holding below 63.40 and 64.43 levels.
Expected trading range for today is between 60.00 support and 63.40 resistance.
Expected trend for today: Bearish