Brent oil price traded with strong negativity to succeed achieving our first waited target at 69.65 and settles there, and we expect the continuation of trading inside the bearish channel that appears on the chart to surpass the mentioned level and open the way to head towards 67.70 that represents our next negative target.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 71.20 and hold above it.
The expected trading range for today is between 68.00 support and 71.20 resistance.
The expected trend for today: Bearish
Origin: Economies
