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Crude oil prices opened today’s trading session with a substantial bearish gap, landing at the anticipated negative target of $68.65. The outlook indicates continued negative pressure in the upcoming sessions, with a potential decline extending to $67.00 if the $68.65 level is breached.
This bearish sentiment is supported by the completion of a double top pattern. However, if the $68.65 level holds against current pressures, there may be a chance for a price recovery to close the gap created.
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The expected trading range for today is between a support level of $67.10 and a resistance level of $70.10.
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Trend Forecast: Bearish
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