Brent oil price attempted to breach 27.60 level this morning but it returns to decline after consolidating below it, which keeps the bearish trend scenario valid and active for today, supported by the negative signal provided by stochastic, waiting to head towards 24.60 followed by 22.40 levels as next main stations, reminding you that breaking 25.75 will ease the mission of achieving the suggested targets.
The expected trading range for today is between 24.00 support and 27.60 resistance.
The expected trend for today: Bearish