Brent oil price provided positive trades yesterday to surpass 42.45 level, fluctuating around the EMA50, and it might head to test the most important resistance at 43.30 before turning back to decline again.
Stochastic shows clear negative signals now, which encourages us to keep our bearish overview that targets 40.23 areas mainly, noting that breaching 43.30 will lead the price to achieve more gains and head towards 45.00 initially.
The expected trading range for today is between 41.00 support and 43.50 resistance.
The expected trend for today: Bearish
Origin: Economies
