Brent oil price did not show any strong move since yesterday, to fluctuate within tight track as appears on the chart, thus, the intraday negative scenario will remain valid, waiting to test 46.45 level before resuming the main bullish trend again, noting that breaching 48.25 will stop the expected negative pressure and leads the price to regain the bullish track.
The expected trading range for today is between 46.45 support and 49.00 resistance.
The expected trend for today: Bearish temporarily
Origin: Economies
