Crude Oil Price Analysis
Expected Scenario
- Crude oil price trades with clear negativity to break 77.64$ level.
- Attempts to hold below it, urging the continuation of the expected bearish trend for today.
- Opening the way to head towards our next target at 75.25$.
- The EMA50 keeps supporting the suggested bearish wave.
- Noting that holding below 77.64$ represents the first condition to the continuation of the expected decline.
Expected Trading Range
Between 76.00$ support and 78.50$ resistance.
Trend Forecast: Bearish