Crude Oil Price Analysis Expected Scenarios Crude oil price shows additional bearish bias to reach the neckline of the double top pattern at 80.68$. Waiting to break this level to activate the negative effect of this pattern followed by confirming rallying to achieve more bearish correction in the upcoming sessions. Our next main target reaches 78.90$. Moving below the EMA50 supports the continuation of the suggested bearish wave, reminding you that breaching 82.65$ will push the price to recover and stop the current correctional bearish pressure.

Trading Range The expected trading range for today is between 80.00$ support and 82.70$ resistance.

Trend forecast: Bearish