Crude Oil Price Analysis Expected Scenario Crude oil price managed to reach the waited target at 77.64$, waiting for additional decline to break this level to confirm extending the bearish wave towards 75.24$, as the price is affected by the previously completed double top pattern, getting negative support by the EMA50. Therefore, the bearish trend will remain valid and active for today unless the price rallied to breach 79.60$ and hold above it. Expected Trading Range Between 76.60$ support and 79.60$ resistance.

Trend Forecast: Bearish