Crude oil price continues to fluctuate around 59.85 level and shows some positive trades now, which urges caution from the upcoming trading, as the price needs to consolidate below the mentioned level to keep the bearish trend valid for the upcoming period, which its next target located at 57.25.
We should note that confirming breaching 59.85 will lead the price to turn to rise and achieve gains that start at 62.25 and extend to 63.75.
The expected trading range for today is between 58.00 support and 60.50 resistance.
The expected trend for today: Bearish