Brent oil price shows slight negative trading to approach testing the EMA50, getting negative motive by stochastic, waiting to push the price to surpass the EMA50 and open the way to rally towards our expected targets that start at 40.00 and extend to 37.86.
In general, the bearish trend scenario will remain valid and suggested for today unless breaching 43.38 level and holding above it.
The expected trading range for today is between 41.00 support and 44.00 resistance.
The expected trend for today: Bearish