Crude Oil Price Analysis Expected Scenario Crude oil price continues its decline, approaching the first awaited target at $77.64. We suggest the continuation of the negative pressure to surpass this level and open the way to rally towards $75.24 as the next negative station. The EMA50 forms negative pressure, supporting the continuation of the suggested bearish wave. Note that breaching $79.40 will stop the expected decline and lead the price to start recovery attempts targeting testing $81.50 areas initially. Expected Trading Range Between the support at $76.60 and the resistance at $79.60.

Trend Forecast: Bearish