Brent oil price begins to provide negative trades now after testing 59.60, to keep our bearish overview valid for today, noting that stochastic supports the suggested decline, which targets 56.00 as a next main station, noting that holding below 59.60 is important to continue the expected bearish trend.
The expected trading range for today is between 57.50 support and 60.50 resistance.
The expected trend for today: Bearish