Crude Oil Price Analysis Crude oil price has experienced a clear bounce downwards after testing the $83.60 level in the previous sessions, supporting the continuation of expectations for a decline on the intraday basis. The path is now open to achieve our awaited target at $81.50, with the possibility of extending the correctional bearish wave to reach the $79.60 areas upon breaking this level.

Therefore, the bearish trend scenario will remain valid and active unless the price rallies to breach the $83.90 level and holds above it.

Expected Trading Range Support: $81.00 Resistance: $83.00 Trend Forecast Bearish