Crude oil price hovers around the EMA50, and as we mentioned in our morning report, the price needs to hold below 81.40 as a first condition to continue the expected decline, noticing that stochastic begins to provide negative overlapping signal that we are waiting to motivate the price to resume the expected bearish wave for today, reminding you that our targets begin at 79.85 and extend to 76.40 after breaking the previous level.
The expected trading range for today is between 79.60 support and 82.50 resistance.
The expected trend for today: Bearish