Brent oil price shows some slight bullish bias now affected by stochastic positivity, but as long as the price is below 54.90, our bearish overview will remain active, supported by the negative pressure provided by the EMA50, noting that we are waiting to visit 49.87 level as a next main station.
Expected trading range for today is between 51.00 support and 55.00 resistance.
Expected trend for today: Overall Bearish
Origin: Economies
