Crude Oil Price Analysis Expected Scenario Crude oil price finds good resistance formed by the EMA50 against the positive attempts, to show some slight bearish bias now, while the sideways move scenario still valid until the price manages to breach 79.60$ resistance or break 77.64$ support, noting that the continuation of the decline and breaking the support will push the price to achieve additional bearish correction that its next target reaches 75.25$, while breaching the resistance represents the key to rally to test 81.50$ before detecting the next trend on the short-term basis.

Expected Trading Range The expected trading range for today is between 77.40$ support and 80.70$ resistance.

Trend Forecast: Sideways