Crude Oil Price Analysis Expected Scenario Crude oil price ended last Friday below 77.64$ level, reinforcing the expectations of continuing the decline in the upcoming sessions, on its way to visit 76.45$ followed by 75.25$ levels as next targets. The EMA50 forms continuous negative pressure against the price to support the expectations of continuing the bearish trend, noting that breaching 77.64$ followed by 78.25$ levels will stop the expected decline and lead the price to turn to rise. Expected Trading Range Between 75.70$ support and 78.70$ resistance.

Trend Forecast: Bearish