Brent oil price succeeded to achieve our main waited target at 63.95 and broke it strongly to settle below it, which hints that the way is open to continue the bearish trend on the short term basis, to prepare for more decline that targets testing 60.00$ barrier as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 63.95 level and holding above it, as breaching this level will lead the price to start recovery attempts that target 67.50 areas initially.
Expected trading range for today is between 61.00 support and 65.00 resistance.
Expected trend for today: Bearish
Origin: Economies
