Brent oil price bounced downwards strongly after testing 110.10 level yesterday, to keep the bearish trend scenario active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, waiting to break 105.05 to confirm extending the bearish wave towards 101.65 followed by 98.85 levels.
We remind you that the continuation of the bearish wave depends on the price stability below 110.10.
The expected trading range for today is between 103.00 support and 110.00 resistance.
The expected trend for today: Bearish
Origin: Economies
