Brent oil price continues to fluctuate between the key levels represented by 64.00 support and 65.40 resistance without managing to confirm breaching any of them until now, which makes us continue with our neutrality until getting clearer signal for the next trend, noting that stochastic and the EMA50 provide negative signals that might push the price to decline.
We remind you that breaking 64.00 support will push the price to target 61.71 as a next main station, while breaching 65.40 will lead the price to attempt to regain the main bullish trend that its targets begin at 66.54 and extend to 67.68 followed by 69.08.
Expected trading range for today is between 63.00 support and 66.54 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
