Brent oil price succeeded to touch our waited target at 64.90 and settles near it, waiting for more decline to visit 63.60 that represents our next negative target, to continue suggesting the bearish trend for the upcoming period, supported by the EMA50.
On the other hand, we should note that breaching 66.90 will stop the current negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 63.60 support and 66.50 resistance.
The expected trend for today: Bearish
Origin: Economies
