Brent oil price managed to touch our waited target at 98.85 and found solid support there, to show positive trades by today’s open, waiting to get negative motive that assist to push the price to decline again, to break the mentioned level and open the way to extend the bearish wave towards 95.45 as a next main target.
On the other hand, we should note that continuing the rise and breaching 101.20 will stop the suggested negative scenario and lead the price to achieve additional gains that reach 105.05.
The expected trading range for today is between 97.00 support and 102.50 resistance.
The expected trend for today: Bearish
Origin: Economies
