Crude oil price shows slight bearish bias in attempt to move away from the resistance line that appears on the chart, to keep the bearish trend scenario active for the rest of the day, which conditions the price stability below 52.60, reminding you that our negative targets begin at 50.00 and extend to 49.10.
Expected trading range for today is between 49.50 support and 52.60 resistance.
Expected trend for today: Bearish