Brent oil price suffered strong losses yesterday, as it broke 102.10 level strongly, followed by breaking the intraday bullish channel’s support line, to head towards achieving more expected decline in the upcoming period, targeting 97.00 followed by 95.25 areas as next negative stations.
Therefore, the bearish bias will be suggested on the intraday basis unless the price rallied to breach 102.10 and hold above it.
The expected trading range for today is between 98.00 support and 102.10 resistance.
The expected trend for today: Bearish
Origin: Economies
