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Crude oil prices opened with negative trades today, breaking below the $81.84 level and attempting to hold beneath it. The last four-hour candlestick closed below this level, indicating the activation of a correctional bearish scenario on an intraday basis, targeting $80.08 as the next main station.
Consequently, a bearish bias is suggested for today. However, breaching the $81.84 level, followed by the $82.40 level, would halt the expected decline and potentially lead the price to resume the main bullish trend.
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The expected trading range for today is between $80.00 support and $82.80 resistance.
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Trend Forecast: Bearish
