Brent oil price surpasses the target – Analysis - 13-06-2019

Brent oil price succeeded to confirm breaking 59.93 level and holding below it, which opens the way to extend the bearish wave on the intraday and short term basis, on its way to head towards 56.23 that represents our next negative station.

Therefore, the bearish bias will remain dominant in the upcoming sessions, noting that holding below 59.93 represents the first protection key to the continuation of the expected decline.

The expected trading range for today is between 58.00 support and 60.50 resistance.

The expected trend for today: Bearish