Brent oil price ended yesterday with clear positivity to settle above 69.60, but it begins today with clear decline to hint heading to resume the expected bearish trend on the intraday and short term basis, which its next main target located at the previous recorded low at 64.60.
The EMA50 continues to support the suggested bearish wave, which its continuation requires holding below 69.60.
The expected trading range for today is between 67.00 support and 71.00 resistance.
The expected trend for today: Bearish