Crude oil price shows bearish bias now that hints the price head to resume the expected bearish trend on the intraday and short term basis, supported by the negative signal provided by stochastic, waiting to visit 51.80 level that represents our next main target, reminding you that the continuation of the expcted decline requires holding below 54.60.
The expected trading range for today is between 52.00 support and 55.20 resistance.
The expected trend for today: Bearish