Crude oil price was able to breach support levels, mentioned this morning, between 72.20 - 71.75 heading downwards, according to the image above. The price is currently assuring the breach of the main correction level 61.8%, where it is to majorly support our expectations in achieving more downside on an intraday basis towards the mentioned targets in our morning report. It is important to close the four hours below level 73.25, to continue the expected downside for today.
The trading range for today is among the key support at 67.70 and the key resistance at 76.00.
The general trend is to the upside as far as 47.20 remains intact with targets at 85.00.