Brent oil price started today with bullish gap to approach 90.00$ barrier, noticing that the EMA50 formed solid resistance against the price, to start providing bearish rebound signals and heads towards resuming the bearish correction for the entire rise measured from 71.69 to 96.05, waiting to test 86.74 initially, noting that breaking this level will push the price to rally towards 83.90 as a next negative station.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 90.30 and hold above it.
The expected trading range for today is between 86.70 support and 89.80 resistance.
The expected trend for today: Bearish
Origin: Economies
