Crude oil price shows calm negative trades to start testing 59.00 barrier, waiting for more decline supported by the EMA50, as our next main target is located at 57.40.
Therefore, we will keep our bearish overview unless the price rallied to breach 60.90 level and hold above it, as breaching this level will push the price back to the main bullish track and opens the way to achieve new gains that start at 63.95 and extend to 66.60.
The expected trading range for today is between 57.40 support and 60.00 resistance.
The expected trend for today: Bearish