Brent oil price broke 44.95 level clearly and settled below it, which opens the way to start bearish correction on the intraday basis, targeting visiting 43.00 and might extend to 40.80 in case breaking th previous level.
Therefore, we suggest witnessing negative trades in the upcoming sessions unless the price managed to breach 45.20 level and hold above it.
The expected trading range for today is between 43.00 support and 45.50 resistance.
The expected trend for today: Bearish
Origin: Economies
