Brent oil price traded with clear positivity yesterday to reach the thresholds of 31.00$ barrier, but it stopped at the bearish channel’s resisatnce that appears on the chart, which supports the chances of bouncing bearishly to resume the main bearish trend, which targets 27.10 followed by 25.95 levels as next main stations.
Therefore, the bearish bias will be suggested for today, noting that breaching 30.65 will push the price to achieve additional positive targets that reach 32.80.
The expected trading range for today is between 27.10 support and 32.00 resistance.
The expected trend for today: Bearish
Origin: Economies
