Brent oil price bounced bullishly after testing 61.00 barrier yesterday, approaching to test 62.95 level, and as we mentioned in our previous reports, the price needs to hold below this level to keep the bearish trend active for the upcoming period, as breaching it will lead the price to turn to rise and achieve gains that start at 64.55.
Note that breaking 61.00 will ease the mission of achieving negative targets that start at 60.40 and extend to 57.75.
The expected trading range for today is between 61.00 support and 63.50 resistance.
The expected trend for today: Bearish
Origin: Economies
