Brent oil price succeeded to achieve our negative targets mentioned in our previous reports and settled with a daily close below 93.73, to pave the way to achieve more expected decline in the upcoming period, as the next targets extend to reach 91.40 followed by 89.10.
Therefore, we expect to witness new negative trades on the intraday and short term basis, noting that breaching 93.73 and holding above it will stop the negative scenario and push the price back to the correctional bullish track again.
The expected trading range for today is between 91.40 support and 95.00 resistance.
The expected trend for today: Bearish
Origin: Economies
