Brent oil price did not show any strong move since morning, to continue fluctuating around 59.93 level, thus, no change to the expectations of the domination of the sideways range on the intraday trading until the price confirms breaking the mentioned support or breaching 62.92 resistance.
We remind you that breaking the mentioned support will push the price to 56.23 direct, while breaching the resistance will allow the price to achieve positive targets that begin at 65.92.
The expected trading range for today is between 58.50 support and 62.00 resistance.
The expected trend for today: Sideways