BMW shares price formed temporary positive rebound recently, to test the initial resistance at 65.70, forming barrier against the attempts to postpone the main bearish attack, reminding you that the consolidation within the bearish channel that appears on the chart supports the negative scenario, waiting to gather new negative momentum followed by attacking 62.50 level initially, followed by reaching 60.00 on the medium term basis.

On the other hand, breaching the current resistance will postpone the negative attack and force the price to form correctional bullish trades that might push to target 67.55 before achieving any new negative target.

The expected trading range for today is between 65.70 and 62.50

The expected trend for today: Bearish