Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the expectations of the decline for the rest of the day, and the way is open to achieve our waited target at 77.65$, noting that breaking it will extend crude oil price losses to reach 75.25$ on the near-term basis, while the expected decline will remain valid unless breaching 79.60$ and holding above it.

The expected trading range for today is between 77.50$ support and 80.60$ resistance

Trend forecast: Bearish