Crude Oil Price Analysis Expected Scenario Crude oil price begins the breaking process to the bearish pennants support line, reinforcing the expectations of continuing the bearish trend for the rest of the day. This paves the way to head towards 71.35$ that represents our next main target. The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 73.90$ and holding above it. Expected Trading Range Between 71.60$ support and 74.60$ resistance.

Trend Forecast: Bearish