Brent oil price provides negative trades now, motivated by the negative signals provided by stochastic, which supports the continuation of our bearish overview, and the price needs to break 48.40 to ease the mission of heading towards our main waited target at 46.50.
Therefore, the bearish trend will remain valid and active for the upcoming period, taking into consideration that the continuation of the bearish wave conditions holding below 49.40.
The expected trading range for today is between 46.50 support and 49.40 resistance.
The expected trend for today: Bearish
Origin: Economies
