Brent oil price traded with strong negativity yesterday, and approached our second waited target at 67.70, but it bounced bullishly to settle around 69.65 now, noticing that the price begins to decline again, to head towards start new bearish wave that targets visiting 67.70 as a next main station.
Therefore, the bearish bias will remain suggested for the upcoming sessions supported by the EMA50, unless breaching 69.65 and holding above it.
The expected trading range for today is between 67.70 support and 70.60 resistance.
The expected trend for today: Bearish
Origin: Economies
