Brent oil price opens today’s trading with clear positivity to surpass 98.85 level, to hint heading to achieve some potential bullish correction, but we will depend on the last daily close below the mentioned level to continue suggesting the bearish trend domination for the upcoming period, noting that the next main targets begin at 93.50 and extend to 88.80.
Note the consolidation above 98.85 will push the price to achieve additional gains that reach 102.65 before any new attempt to decline.
The expected trading range for today is between 96.50 support and 102.00 resistance.
The expected trend for today: Bearish
Origin: Economies
