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Crude oil prices experienced a decline on Monday, moving away from the $68.64 mark and reinforcing bearish market expectations. Analysts are now targeting a test of $67.00 as the next support level, with the possibility of further drops if this level is breached. A break below $67.00 could drive prices toward the previous low of $65.51.
The 50-day Exponential Moving Average (EMA50) is applying downward pressure, confirming the ongoing bearish trend. This outlook remains valid unless prices rise above $64.64, followed by $69.15, and maintain a stable position above these levels.
For today, crude oil prices are expected to fluctuate within a range of $66.30 for support and $69.30 for resistance.
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