Crude oil price provides slight positive trading now approaching from the critical resistance at 46.85, accompanied by stochastic move near the overbought levels to strengthen this resistance, which encourages us to keep preferring the overall bearish trend, conditioned by holding below the mentioned level.
Our first target located at 43.37, reminding you that breaking it will extend the bearish wave to reach 39.00 then 37.75.
Expected trading range for today is between 43.00 support and 48.00 resistance.
Expected trend for today: Bearish
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