Brent oil price opens today’s trading above 65.00$ barrier, to approach the key resistance 65.40, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to rebound bearishly and resume the recently suggested bearish trend.
Therefore, the bearish trend will remain valid for the upcoming period unless breaching 65.40 and holding above it, reminding you that our main waited target is located at 62.50.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bearish
Origin: Economies
