Brent oil price settles below 46.76 after the positive attempts that appeared yesterday, as the EMA50 meets with the mentioned level to add more strength to it, accompanied by stochastic move at the overbought areas.
Therefore, these factors encourage us to continue suggesting the correctional bearish trend in the upcoming period, which its next main target located at 43.00, while its continuation conditions holding below 46.76.
Expected trading range for today is between 43.00 support and 48.00 resistance.
Expected trend for today: Bearish
Origin: Economies
