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July 20th, Crude oil price attempted to breach 76.10 level, as it provided sudden positive trades yesterday, but it closed the daily candlestick below this level and below the bullish channel’s support line, which keeps the bearish trend scenario valid on the intraday basis, which its next target located at 73.80.
The positivity of the technical indicators hinders the mission to decline, waiting to get negative motive that assist to push the price to achieve the waited targets, reminding you that breaching 76.10 will stop the suggested bearish wave and lead the price to resume the bullish trend that its next targets reach 78.00 followed by 78.90.
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