Crude oil price rises again to approach from testing the critical resistance at 54.47, as long as the price is below this level, so our bearish trend expectations will remain valid for today, supported by the negative pressure that comes from the EMA50, which protects the trading within the bearish channel that appears in the image, reminding you that our next main target is located at 51.61.
The expected trading range for today is between 51.61 support and 55.00 resistance.
The expected trend for today: Bearish