Brent oil price provided clear positive trades yesterday and moved above 63.00$ barrier, but it bounced bearishly to close the daily candlestick below 61.80, which keeps the bearish trend scenario valid in the upcoming sessions, starting today with more decline to reinforce the expectations of continuing the bearish bias.
Therefore, we suggest the continuation of the bearish trend domination on the intraday and short term basis, reminding you that our next main target is located at 57.77.
Expected trading range for today is between 59.00 support and 62.50 resistance.
Expected trend for today: Bearish
Origin: Economies
