Crude oil price keeps declining to succeed achieving our first target at 73.15$ and test 73.00$ per barrel barrier, waiting for more bearish bias to achieve additional negative targets that reach 71.35$.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 75.25$ and holding above it.

The expected trading range for today is between 72.00$ support and 75.00$ resistance

Trend forecast: Bearish