WTI Crude Oil Resists and maintains bearish bias

Crude oil price retested the broken support of the bullish channel and bounced bearishly from there, to keep the correctional bearish trend scenario active, waiting to test 86.75 level mainly.

The price needs to break 89.35 to ease the mission of heading towards the mentioned target, noting that breaching 92.05 will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 87.80 support and 90.90 resistance.


The expected trend for today: Bearish