Crude oil price didn’t show any strong move since morning, to stay stable at 53.00, therefore, there is no change on the bearish trend scenario that depends on the stability below 54.60 level, waiting for resuming the bearish bias that its targets begin at 51.80 and extend to 50.00 after breaking the previous level.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish