Crude oil price keeps fluctuating near 53.00, and the EMA50 keeps pressing negatively on the price, keeping the bearish trend valid and active for today, and its targets begin by breaking 51.80 level to open the way towards visiting 50.00 level as a next main station, reminding you that holding below 54.60 is important for the continuation of the expected decline.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish