Brent oil price tested the key resistance 63.95 and kept its stability below it, to keep the bearish trend scenario valid for the upcoming period, as the price begins to provide negative trades now, hinting resuming the bearish bias that its next main target located at 60.00.
Surpassing the targeted level will extend Brent oil price losses to reach 56.91, while breaching 63.95 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
