Brent oil price started today’s trading with clear negativity to achieve our first target at 69.65 and broke it to close the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend, waiting to visit 67.70 as a next negative target.
Therefore, the bearish bias will remain dominant in the upcoming sessions, noting that holding below 69.65 represents the first condition to continue the expected decline.
The expected trading range for today is between 68.00 support and 70.50 resistance.
The expected trend for today: Bearish
Origin: Economies
