Brent oil price trades with a calm positivity to approach from 59.60 level, and the price remains under the negative pressure by the stability of the price below the mentioned resistance and below 60.00, waiting for resuming the bearish bias that targets visting 56.00 as a next main station.
On the other hand, you should be aware that breaching the mentioned levels will stop the expected decline and pushes the price to begin new recovery attempts that target 62.50 levels initially.
The expected trading range for today is between 57.50 support and 60.50 resistance.
The expected trend for today: Bearish
Origin: Economies
