Crude oil price shows new negative trading to move away from the EMA50, which supports the continuation of our bearish overview for the rest of the day, which targets 55.45 followed by 54.60 levels as next main stations, reminding you that the continuation of the suggested bearish wave depends on the price stability below 57.40.
The expected trading range for today is between 54.45 support and 58.80 resistance.
The expected trend for today: Bearish