Crude oil price touches the target
Crude oil price managed to touch our waited target at 57.40 and bounced bullishly to show some slight bullish bias, affected by the strength of this level, noting that the EMA50 keeps pressing negatively on the price, to support the chances of resuming the negative trades to break the mentioned level and open the way to visit 54.60 as a next target.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 59.50 and the most important below 60.90.
The expected trading range for today is between 56.50 support and 59.30 resistance.
The expected trend for today: Bearish


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