Brent oil price broke 62.15 level and closed the daily candlestick below it, which press on the price to turn downwards, paving the way to achieve negative targets that reach 62.95.
Therefore, we expect witnessing more decline in the upcoming sessions, supported by moving below the EMA50, noting that stepping above 65.15 and consolidating above it will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 63.50 support and 66.20 resistance.
The expected trend for today: Bearish
Origin: Economies
