Brent oil price attempted to breach 62.50 level yesterday, but it begins today with bearish bias to move below this level, which keeps our bearish overview valid until now, getting negative support by stochastic, waiting to head towards 61.00 followed by 59.60 levels mainly.
On the other hand, we should note that breaching 62.50 and holding above it will stop the suggested negative scenario and lead the price to achieve positive targets that start at 64.00 and extend to 65.40.
The expected trading range for today is between 60.50 support and 63.50 resistance.
The expected trend for today: Bearish
Origin: Economies
