Brent oil price provided additional positive trades to approach 91.50 level, but it returned to decline to attempt to resume the expected bearish correction on the intraday basis, motivated by the negative overlapping signal provided by stochastic now, reminding you that the first target is located at 89.25.
On the other hand, we should note that breaching 91.50 will push the price to continue the main bullish wave and head to achieve gains that start by visiting 93.60 areas.
The expected trading range for today is between 89.00 support and 91.00 resistance.
The expected trend for today: Bearish
Origin: Economies
