Crude oil price shows some bullish bias now affected by stochastic positivity, while the EMA50 forms negative pressure against the price, to keep the bearish trend scenario valid and active for the upcoming period, which targets 39.30 followed by 38.10 levels mainly, reminding you that it is important to hold below 41.10 to continue the suggested decline.
The expected trading range for today is between 38.10 support and 41.00 resistance.
The expected trend for today: Bearish