Crude oil price resumes its negative trading to move away from 54.60 level, supported by stochastic negativity, waiting for more of the downside moves to target 51.80 level that represents our initial main target, reminding you that the continuation of the suggested bearish wave conditioned by holding below 54.60 level.
The expected trading range for today is between 52.50 support and 55.50 resistance.
The expected trend for today: Bearish