Brent oil price broke 62.92 level strongly and settled below it, and it resumes the decline after retesting it yesterday, to approach the next negative target at 59.93, noting that the chances are valid to break this level and extend the bearish wave on the short term basis, as the next target reaches 56.23 areas.
Therefore, the bearish trend will remain dominant in the upcoming sessions unless the price managed to breach 62.92 level and hold above it.
The expected trading range for today is between 59.00 support and 62.00 resistance.
The expected trend for today: Bearish
Origin: Economies
