Brent oil price succeeded to achieve our waited target at 110.05 and broke it strongly to suffer additional losses, as it approached 106.00$ barrier, and we suggest witnessing more decline in the upcoming sessions to visit 105.06 that represents the next negative station.
Moving below the EMA50 supports the expected negative scenario, which will remain valid conditioned by the price stability below 110.05.
The expected trading range for today is between 105.00 support and 110.50 resistance.
The expected trend for today: Bearish
Origin: Economies
