Crude Oil Price Analysis Crude oil price has tested the 79.00$ barrier and settled below it, indicating a potential resumption of the bearish wave influenced by the double top pattern on the chart. Our targets begin at 77.60$ and extend to 75.25$.

The negative pressure formed by the EMA50 supports the continuation of the expected decline, which will remain valid as long as the price stays below 79.60$.

Expected Trading Range for Today Support: 77.00$ Resistance: 80.00$ Trend Forecast Bearish