Brent oil price managed to achieve our waited target at 105.05, starting today with additional decline to break this level and confirm extending the bearish wave on the intraday and short term basis, paving the way to achieve more negative targets that start at 102.40 and extend to 98.85.
Therefore, we are waiting for more decline in the upcoming sessions, noting that holding below 105.05 is important to continue the suggested negative scenario.
The expected trading range for today is between 100.00 support and 106.00 resistance.
The expected trend for today: Bearish
Origin: Economies
