Crude oil price reaches the thresholds of the waited target at 57.17, and we need to monitor the price bahavior now, as breaking this level will extend the correctional bearish wave to target 56.11 direct, while holding against the current negative pressure will push the price to resume the main bullish trend and achieve gains that start by testing the recently recorded top at 58.88.
The expected trading range for today is between 56.00 support and 59.00 resistance.
The expected trend for today: Bearish