Crude oil price continues to fluctuate around the bearish channel’s resistance, and the price falls under continuous negative pressure that comes by the EMA50, to keep the bearish trend suggested for today, depending on the price stability below 62.60, noting that our targets begin by breaking 60.86 to confirm rallying towards 57.33 as a next main station.
The expected trading range for today is between 60.00 support and 63.00 resistance.
The expected trend for today: Bearish