Crude oil price trades positively to attack 71.55 level and attempts to breach it, affected by stochastic negativity, while the EMA50 forms negative pressure against the price, to keep the chances valid to continue the expected bearish trend for today, which targets 70.75 followed by 68.75 levels as next main stations.
We remind you that breaching 71.55 and holding above it will stop the negative scenario and push the price to turn to rise.
The expected trading range for today is between 69.40 support and 72.50 resistance.
The expected trend for today: Bearish