Brent oil price traded with strong negativity in the previous sessions to reach 41.00 barrier thresholds now, which supports the continuation of our bearish overview, and the way is open to achieve our main waited negative target at 40.23.
Therefore, we are waiting for more decline today, noting that breaking the targeted level will extend brent oil price losses to reach 38.80 as a next negative station, while the expected decline will remain valid unless the price rallied to breach 42.30 level and hold above it.
The expected trading range for today is between 39.50 support and 42.30 resistance.
The expected trend for today: Bearish
Origin: Economies
