Crude Oil Price Analysis Expected Scenario Crude oil price continued to rise to test 79.6$ resistance line, noticing that the price begins to rebound bearishly from there, as the EMA50 meets this level to add more strength to it, which supports the chances of resuming the expected bearish trend for the upcoming period, which its targets begin by testing 77.64$, reminding you that breaking it will push the price towards 75.25$ as a next negative station.

Therefore, we will continue to suggest the bearish trend on the intraday and short-term basis unless breaching 79.60$ and holding above it.

Expected Trading Range Between the support at 77.30$ and the resistance at 80.40$

Trend Forecast: Bearish