Brent oil price declined strongly yesterday to reach 61.60 level, and bounced bullishly to settle around 62.95 again, noticing that the price closed the daily candlestick below this level, to keep the chances valid to continue the expected bearish trend for the upcoming period, which gets continuous support by the EMA50.
Our waited targets begin at 60.30 and extend to 57.75, while achieving them requires holding below 62.95 and the most important below 63.85.
The expected trading range for today is between 61.30 support and 64.00 resistance.
The expected trend for today: Bearish
Origin: Economies
