The price of oil has broken below 70.00 and is currently trading below it, which might indicate a further downside, especially as the technical indicators are supportive. However, we should see a break of support of 69.15 to prove the extension of the bearish trend.
Only a break of 70.65 will weaken the probability of a bearish move today, and without this, the probability of going down will remain intact.
From here, it might be a good thing to sell US light oil below 69.85 with the expected profit in two stages at 69.15 and 68.50 and stop loss above 71.00.
