Crude oil price succeeded to achieve our first waited target at 50.00, noticing that the price breaks this level to open the way to head towards our next target at 49.10, which keeps our bearish overview valid on the intraday and short term basis supported by the EMA50, reminding you that the continuation of the expected decline depends on the price stability below 52.60.
Expected trading range for today is between 49.10 support and 51.50 resistance.
Expected trend for today: Bearish