Brent oil price continues to fluctuate at 59.60 level, accompanied by witnessing overbought signals through stochastic, to keep the bearish trend scenario valid and active until now, as breaching this level will stop the negative scenario and lead the price to start new recovery attempts, while our first main target is located at 56.00.
The expected trading range for today is between 57.00 support and 60.50 resistance.
The expected trend for today: Bearish