Brent oil price managed to touch our main waited target at 56.23, and it found solid support there to show positive trades now, approaching 58.00$ barrier, noting that the price needs to hold below this level to keep the overall negative scenario valid for the upcoming period.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 58.00, noting that breaking 56.23 will push the price to head towards 54.00 as a next main target.
The expected trading range for today is between 56.00 support and 59.00 resistance.
The expected trend for today: Bearish
Origin: Economies
