Brent oil price approaches from retesting the previously broken 52.71 level, where the price affected by stochastic positivity, while the EMA50 forms negative pressure against the price, as long as the price below the mentioned level, so our bearish trend expectations will remain valid for today, waiting for visiting 50.96 level initially.
Reminding you that breaching 52.71 level will push the price to achieve intraday gains that begin by testing 54.87 level mainly.
Expected trading range for today is between 49.21 support and 53.50 resistance.
Expected trend for today: Bearish