Brent futures bounced lower after retesting the breached broadening support – turned resistance now at 40.15, reinvigorating the downward trend for the coming trading, with negative pressure from the SMA50, provided the futures hold on below 40.15.
The next targets we expect are at 37.29, extending to 35.60 after breaching the former level.
Expected trading range for today is between 37.00 support and 42.00 resistance.
Expected trend for today: Bearish
Origin: Economies
