Brent oil price tested 56.00 barrier and begins to rebound bearishly from there, motivated by stochastic current negativity, which supports the chances of achieving more expected decline today, waiting to test 54.45 level initially, which breaking it represents the key to rally towards 52.30 direct.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 56.20 and the most important below 56.95.
The expected trading range for today is between 54.00 support and 56.50 resistance.
The expected trend for today: Bearish
Origin: Economies
