Brent oil price provided positive trades yesterday to retest the broken support of the bullish channel, keeping its stability below it, accompanied by stochastic reach to the overbought areas, which supports the chances of resuming the bearish bias to head towards visiting the first correctional target at 87.70.
Therefore, the bearish trend will remain suggested for the upcoming period unless breaching 91.90 and holding above it.
The expected trading range for today is between 89.00 support and 92.00 resistance.
The expected trend for today: Bearish
Origin: Economies
