Brent oil price managed to break 108.90 level and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently for the upcoming sessions, paving the way to head towards our next negative target at 104.16.
Therefore, the bearish trend scenario will remain dominant unless breaching 108.90 followed by 113.65 levels and holding above them.
The expected trading range for today is between 103.00 support and 110.50 resistance.
The expected trend for today: Bearish
Origin: Economies
