Brent oil price managed to touch 30.00 level and attempted to break it, to support the expectations of continuing the bearish trend on the short term basis, noting that we are waiting for more decline to visit 27.09 level as a next main station.
Moving inside the intraday bearish channel supports the negative overview, which will remain valid unless the price rallied to breach 31.55 followed by 33.10 levels and holding above them.
The expected trading range for today is between 28.00 support and 31.55 resistance.
The expected trend for today: Bearish
Origin: Economies
