Brent oil price crawls downwards calmly, and we expect the continuation of the decline to visit 90.65 before attempting to return to continue the main bullish trend again.
Therefore, the bearish bias will be suggested in the upcoming sessions, and we need to monitor the price behavior when reaching the targeted level, as breaking it will cause more losses and open the way to achieve bearish correction for the rise that started from 69.30 areas, while breaching 92.55 will stop the current negative pressure to resume the main bullish track again.
The expected trading range for today is between 90.00 support and 93.40 resistance.
The expected trend for today: Bearish temporarily
Origin: Economies
