Brent oil price provided clear negative trades yesterday to press on 105.05 level, starting today with additional negativity to attack this level, which hints the price turn to decline again, on its way to achieve new negative targets that reach 98.85.
Therefore, the bearish bias will be suggested for today, taking into consideration that failing to break 105.05 will push the price to start new recovery attempts that target visiting 110.05 level again.
The expected trading range for today is between 102.00 support and 108.00 resistance.
The expected trend for today: Bearish
Origin: Economies
