Brent oil price reached few pips away from our waited target at 98.85, and bounced bullishly to achieve some temporary intraday gains, while the main negative scenario still active, waiting to surpass the mentioned level to confirm extending the bearish wave towards 95.50 followed by 92.65 levels as next main stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 105.05 and hold above it.
The expected trading range for today is between 99.00 support and 104.00 resistance.
The expected trend for today: Bearish
Origin: Economies
