Brent oil price managed to break 98.85 level and close the daily candlestick below it, to support the continuation of the expected bearish trend efficiently, which targets 93.50 followed by 88.80 levels as next main stations.
We notice that the price is testing the broken support now, which forms key resistance that it needs to hold below it to keept he bearish trend valid for the upcoming period, as breaching this level will lead the price to start recovery attempts and achieve some bullish correction before any new attempt to decline.
The expected trading range for today is between 95.00 support and 100.00 resistance.
The expected trend for today: Bearish
Origin: Economies
