Crude oil price faces a clear negative pressure now, to attack the critical support level at 40.00, as we mentioned this morning, the price needs to settle above this level in order to keep the bullish trend scenario active for today, where breaking it light push the price to suffer more of the losses and visit 38.65 level before any new positive attempt, while the main initial target for the suggested bullish wave at 41.40.
The expected trading range for today is between 39.30 support and 43.00 resistance.
The expected trend for today: Bullish