Brent oil price keeps its stability below 46.76 level, which keeps the correctional bearish pressure valid on the intraday and short term basis, supported by the EMA50, waiting to resume the negative trading that its next target located at 43.00.
Note that breaching 46.76 followed by 47.75 levels will release the price from the current negative pressure and put the price back to the main bullish track, to start the main positive targets by visiting the previously recorded top at 52.83.
Expected trading range for today is between 44.00 support and 48.00 resistance.
Expected trend for today: Bearish
