Brent oil price provided temporary positive trades but it returns to fluctuate around 101.00, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trende in the upcoming period, which its targets begin by breaking 98.85 to confirm rallying towards 95.45.
On the other hand, we should note that breaching 105.05 and holding above it will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 98.00 support and 103.00 resistance.
The expected trend for today: Bearish
Origin: Economies
