Brent oil price managed to break the bearish flag support line mentioned yesterday and settled below it, to activate the negative effect of this pattern and gets a negative motive that we are waiting to assist to push the price to resume the bearish trend on the intraday and short term basis, reminding you that our next main target is located at 63.95.
Holding below 68.35 is important to continue the expected decline, as breaching it will push the price to start recovery attempts that target 70.30 areas initially.
Expected trading range for today is between 64.50 support and 68.00 resistance.
Expected trend for today: Bearish
Origin: Economies
