Price Analysis: Crude Oil Expected Scenario Crude oil price confirmed breaking the 75.25$ level after ending yesterday below it, starting today with more decline to approach our first new target at 73.15$. We believe that the way is open to continue the decline to head towards visiting the previously recorded low at 71.35$. Therefore, we are waiting for more expected bearish bias in the upcoming sessions. Note that breaching 75.25$ will stop the current negative pressure and push the price to attempt to rise and cover the recently suffered losses. Expected Trading Range Between 72.00$ support and 75.00$ resistance.

Trend Forecast: Bearish