Brent oil price touched 67.60 level yesterday and bounced downwards clearly from there, to keep the bearish trend scenario active until now, depending on the price stability below 66.85, waiting to test 63.95 as a next main target.
Note that breaking the mentioned level will extend the bearish wave to reach 60.00 on the near term basis, while breaching 66.85 will lead the price to achieve more intraday gains and start recovery attempts to regain the main bullish trend again.
Expected trading range for today is between 63.50 support and 67.00 resistance.
Expected trend for today: Bearish
Origin: Economies
