Crude oil price shows new negative trades to press on the key support 59.15 and moves below it now, which urges caution from the upcoming trades, as holding below this level will stop the recently suggested positive scenario and press on the price to head towards 57.46 before any new attempt to rise, while the price needs to surpass 60.20 level to confirm the return to the bullish channel again and head towards our next positive target at 64.90.
The expected trading range for today is between 58.00 support and 61.00 resistance.
The expected trend for today: Bullish