Brent oil price keeps its stability below 59.60, as it provided positive attempts yesterday, and as long as the price is below this level, the bearish trend scenario will remain valid for today, supported by stochastic loss to the positive momentum, waiting to trade negatively today to head towards 56.00 that represents our first main target.
Note that breaking 58.60 will ease the mission of achieving the mentioned target, while breaching 59.60 will push the price to turn to rise and achieve positive targets that start at 60.00 and extend to 62.50.
The expected trading range for today is between 57.00 support and 60.50 resistance.
The expected trend for today: Bearish