Brent oil price fluctuates near 62.50 level, and as we mentioned in our lasr reports, the price needs to settle below this level to keep the bearish trend scenario valid on the intraday and short term basis, waiting for bouncing lower to head to 59.60 level mainly, reminding you that breaching 62.50 will lead the price to achieve extra gains that reach to 64.25 then 65.40.
The expected trading range for today is between 59.60 support and 62.50 resistance.
The expected trend for today: Bearish