Brent oil price broke 42.20 level strongly to stop the recently suggested positive scenario and heads towards visiting the key support 40.23, falling under the negative pressure formed by the EMA50, waiting for more decline today.
We should note that breaking the targeted level will extend Brent oil price losses on the short term and medium term basis, while the expected decline will remain valid unless breaching 42.45 followed by 43.30 levels and holding above them.
The expected trading range for today is between 40.00 support and 42.45 resistance.
The expected trend for today: Bearish
Origin: Economies
