Crude oil price shows new negative trades to move away from 104.60, reinforcing the expectations of continuing the bearish trend, supported by stochastic negativity that appears clearly on the four hours’ time frame, and the way is open to achieve our waited negative target at 98.95, reminding you that it is important to hold below 104.60 to continue the expected bearish trend.
The expected trading range for today is between 99.00 support and 105.00 resistance.
The expected trend for today: Bearish