Crude oil price settles below the intraday bearish channel’s resistance line, and the EMA50 forms negative pressure against the price, to support the chances of achieving more decline for the rest of the day, as our main targets located at 36.10 and extend to 32.40, reminding you that it is important to hold below 38.50 to continue the expected bearish trend.
The expected trading range for today is between 36.00 support and 39.00 resistance.
The expected trend for today: Bearish