Brent oil price returns to rise and test the key resistance 32.50, met by the EMA50 to add more strength to this level, accompanied by stochastic entering the overbought areas, thus, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by surpassing 30.97 to head towards 29.75 as a next station.
On the other hand, we should note that breaching 32.50 will lead the price to start recovery attempts that target visiting 34.95 areas initially.
The expected trading range for today is between 30.00 support and 33.50 resistance.
The expected trend for today: Bearish
Origin: Economies
