Technical Analysis of Crude Oil
Crude oil is moving in a downward trend on the 1-hour and 30-minute timeframes. Prices rejected the upside from the 64.82 level and are currently trading around 64.51. A continuation of the bearish trend is expected throughout the day.
 In addition, the formation of lower lows on the smaller timeframes supports the bearish scenario, with potential acceleration in the decline if the 64.30 level is broken.

Key Economic News
There are no major news releases affecting oil today, but on Wednesday, the US Crude Oil Inventories data will significantly impact oil price movements.

Liquidity Levels
Prices are expected to decline towards 64.18 and then 63.93.
 The bearish scenario on the 4-hour timeframe will be invalidated if prices revisit the 64.91 level.