Brent oil price fluctuates near the EMA50 since morning, and the EMA50 forms a negative pressure against the price, to keep our bearish trend expectations for today, and holding below 59.60 level is conditioned, while our initial main target is located at 56.00.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bearish