Update: Oil price faces negative pressure

Crude oil price trades with clear negativity to approach the key support 57.46, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our first target is located at 60.00, while breaking 57.46 represents negative factor that will press on the price to suffer more losses that target 54.50 areas mainly.