Brent oil price faces difficulty to surpass 43.38 level, to start today with bearish bias and test the rising wedge’s support line, located now at 42.85, which hints the price head to trade negatively in the upcoming sessions, but we need to confirm breaking the mentioned support to open the way to achieve negative targets that start at 41.50 and extend to 39.40.
Therefore, we will continue with our neutrality until the price confirms breaking 42.85 support or breaching 43.38 resistance, reminding you that breaching this resistance will push the price to resume the main bullish trend that its next target located at 45.00.
The expected trading range for today is between 41.20 support and 44.50 resistance.
The expected trend for today: Neutral
Origin: Economies
