Brent oil price shows new negative trades to move away from the broken support line of the bullish channel, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 62.50 level as a next main station, noting that the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 65.40.
The expected trading range for today is between 62.50 support and 65.40 resistance.
The expected trend for today: Bearish