for today is between 42.00 support and 46.00 resistance. Expected trend for today: Bearish

Crude oil price keeps fluctuating near the first critical support at 44. and we still waiting for breaking the mentioned level then 43.37 level to open the way towards extending the bearish wave to 37.73 on the near basis.

 

In general, we will keep preferring the bearish trend supported by the EMA50 unless breaching 46.85 level and holding above it.

 

Expected trading range for today is between 42.00 support and 46.00 resistance.

 

Expected trend for today: Bearish

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