Brent oil price suffered strong losses yesterday, as it broke 110.05 level and declined to test the key support 107.10 now, and we suggest the continuation of the bearish bias domination in the upcoming sessions, to head towards testing 105.05 level as a next main target.
Therefore, we expect to witness more decline today, and breaking the targeted level will extend the bearish wave to reach 102.25 as a next main target, while breaching 110.05 represents the key to return to the bullish track again.
The expected trading range for today is between 103.00 support and 109.00 resistance.
The expected trend for today: Bearish
Origin: Economies
