Crude oil price shows sideways trading since morning and still near 38.80, waiting to resume the bearish bias to break this level and open the way to achieve more negative targets that reach 38.11 followed by 37.00, noting that the EMA50 supports the expected decline, which will remain valid unless breaching 39.34 level and holding above it.
The expected trading range for today is between 37.50 support and 40.00 resistance.
The expected trend for today: Bearish