Crude oil price trades with clear positivity to head towards testing the key resistance 75.25, and as we mentioned this morning, holding below this level kepes the bearish trend scenario active for today, which targets testing 73.30 mainly, reminding you that breaking this level will extend the bearish wave to 71.05, while breaching 75.25 will lead the price to start new bullish wave that targets 76.95 level on the near term basis.
The expected trading range for today is between 72.50 support and 75.50 resistance.
The expected trend for today: Bearish