Crude Oil Technical Outlook
Crude oil price trades negatively to press on 89.75 level, to hint heading to decline on the intraday basis, targeting testing 88.2 initially, noting that breaking this level will extend the bearish wave towards 86.65 as a next negative target.
Therefore, the bearish bias will be suggested for today, noting that breaching 90.6 will stop the current negative pressure and lead the price to resume the bullish wave that its next main target located at 93.17. The expected trading range for today is between 88 support and 91 resistances.
The expected trend for today: Bearish