Brent oil price managed to achieve our first waited target at 43.00 and broke it to settle near 42.00 barrier, which supports the chances of achieving more decline in the upcoming sessions, and the way is open to head towards our next target that reaches 40.80.
Therefore, we expect the continuation of the bearish trend domination on the intraday and short term basis unless the price rallied to breach 43.60 level and hold above it.
The expected trading range for today is between 41.00 support and 43.60 resistance.
The expected trend for today: Bearish
Origin: Economies
