Crude oil price shows new negative trades to start testing 51.70 level, which reinforce the chances of continuing the decline for the rest of the day, noting that breaking the mentioned level will confirm the completion of the double top pattern that has negative targets that reach 49.70.
Therefore, the bearish bias will be expected for the rest of the day unless the price rallied to breach 52.80 and hold above it.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish for the rest of the day