Brent oil price confirmed breaking 42.17 level after closing the daily candlestick below it, as it retested this level and starts to decline again now, which supports the continuation of the bearish trend scenario in the upcoming sessions, which targets 41.14 followed by 40.00 levels as next main stations.
Stochastic and the EMA50 support the expected decline, which will remain valid unless breaching 43.00 followed by 43.84 levels and holding above them.
The expected trading range for today is between 40.00 support and 43.00 resistance.
The expected trend for today: Bearish
Origin: Economies
