Crude oil price keeps pressing on 113.70 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, waiting to confirm the break to open the way to rally towards our next negative targets that reach 111.00 followed by 109.15, noting that breaching 115.00 will stop the expected decline and lead the price to start new recovery attempts.
The expected trading range for today is between 111.00 support and 116.00 resistance.
The expected trend for today: Bearish