Crude oil price hovers around 70.82 level since morning, which represents the first resistance barrier that keeps the bearish trend scenario valid on the intraday basis, waiting to head towards 69.44 followed by 68.06 levels mainly, noting that breaching 70.82 followed by 72.53 levels will stop the expected decline and push the price to regain the main bullish trend again.
Expected trading range for today is between 69.44 support and 72.00 resistance.
Expected trend for today: Bearish