Brent oil price attempted to breach 27.60 level yesterday, but it bounced bearishly to keep the stability of the daily close below this level, starting today with bearish bias to settle below 26.00$ barrier, which supports the continuation of the expected bearish trend scenario for the upcoming period, as it approaches our first waited target at 25.60 now, waiting to surpass this level to head towards our next target at 24.60.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 27.60.
The expected trading range for today is between 24.00 support and 27.00 resistance.
The expected trend for today: Bearish
Origin: Economies
