Brent oil price declined strongly yesterday to succeed achieving our waited target at 67.70, noticing that the price broke this level and settled below it, to support the expectations of continuing the bearish trend on the intraday and short term basis, noting that our next targets reach 66.00 followed by 64.55.
The EMA50 continues to support the suggested bearish wave, noting that holding below 67.70 represents the first condition to continue the expected decline.
The expected trading range for today is between 65.80 support and 68.60 resistance.
The expected trend for today: Bearish
Origin: Economies
