Crude oil price fluctuates positively to test 78.00, affected by stochastic positivity, waiting to resume the main bearish wave that targets 75.00 followed by 73.00 as next main stations, supported by the negative pressure formed by the EMA50, taking into consideration that the continuation of the bearish wave depends on the price stability below 80.90.
The expected trading range for today is between 74.30 support and 78.20 resistance.
The expected trend for today: Bearish