Crude oil price resumed its negative trades to achieve our waited target at 45.55 and pressing negatively on it, to keep the bearish trend valid on the intraday and short term basis, as the price moves organized inside the bearish channel that appears on the chart, waiting to surpass 45.55 to extend the bearish wave to reach 43.30, while holding below 47.90 represents initial condition to continue the expected bearish trend.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bearish