Brent oil price provided new strong negative trades to reach 106.50 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our main waited target is located at 105.05, while holding below 110.10 represents key condition to continue the expected decline.
The expected trading range for today is between 105.50 support and 111.00 resistance.
The expected trend for today: Bearish