Brent oil price shows new positive trades to approach the key resistance 61.10, and as we mentioned yesterday, holding below this level keeps the bearish trend scenario valid for the upcoming period, as breaching it will push the price to achieve more gains and head towards 63.95 areas initially.
Until now, we will keep our bearish overview conditioned by the price stability below 61.10, noting that the next main target is located at 56.91.
Expected trading range for today is between 59.00 support and 62.50 resistance.
Expected trend for today: Bearish
Origin: Economies
