Crude oil price shows positive trading now and attempts to return to the bullish channel, which urges caution from the upcoming trading, as holding above 64.20 will stop the morning suggested negative scenario and lead the price to regain the main bullish trend, while the EMA50 forms negative pressure that we are waiting to assist to push the price to decline towards 61.15 that represents the first negative target.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bearish