Crude oil price is facing strong negative pressure to attack 71.55 level and attempts to confirm breaking it, which hints heading to decline in the upcoming sessions, paving the way to achieve negative targets that reach 68.75.
Therefore, the bearish bias will be expected for the rest of the day, taking into consideration that failing to consolidate below 71.55 will stop the negative scenario and lead the price to recover and visit 73.80 level initially.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bearish for the rest of the day