Crude oil price trades negatively to move away from 59.85 level, which support the continuation of our bearish overview, reinforced by the negative pressure formed by the EMA50, waiting for more decline to visit 57.25 as a first target, remidning you that it is important to hold below 59.85 – 60.10 levels to continue the expected bearish trend.
The expected trading range for today is between 58.00 support and 60.50 resistance.
The expected trend for today: Bearish