Brent oil price succeeded to break 70.30 level strongly and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, opening the way to target the bearish channel’s support line at 67.45, which represents our next main target.
Therefore, we will continue to suggest the bearish trend for today unless breaching 70.30 followed by 72.00 levels and holding above them.
Expected trading range for today is between 67.45 support and 70.30 resistance.
Expected trend for today: Bearish
Origin: Economies
