Brent oil price settles at our first waited target at 46.63, and the EMA50 keeps pushing negatively on the price, to keep the bearish trend preferred in the upcoming sessions, reminding you that breaking the mentioned level will push the price towards more of the downside moves that its next targets reach to 45.00.
On the other hand, breaching 48.52 will stop the expected decline and leads the price to turn its intraday track to the upside, and the positive targets begin at 49.69 and extend to 50.63.
Expected trading range for today is between 45.00 support and 48.00 resistance.
Expected trend for today: Bearish
