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Today, crude oil prices have opened with negative trades, signaling a potential decline below the crucial mark of $81.84. The previous four-hour candlestick closed below this level, indicating the initiation of a corrective bearish trend for the intraday session, with a target set towards the $80.08 mark.
The prevailing sentiment suggests a bearish bias for the day, contingent upon a breach of the $81.84 support level, followed by resistance at $82.40. Such a breach could halt the anticipated downturn and prompt a potential resumption of the primary bullish trend.
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As per current projections, the anticipated trading range for the day spans between support at $80.00 and resistance at $82.80.
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