Crude oil price shows new positive trades to apoprach the bearish channel’s resistance, and as long as the price is below 62.90, our bearish overview will remain valid for today, waiting to visit 60.00 mainly, noting that breaching the mentioned resistance might push the price to test 64.40 areas before any new attempt to decline.
Expected trading range for today is between 60.00 support and 62.90 resistance.
Expected trend for today: Bearish