Brent Oil Resumes Bearish Trend

Technically, 50-Daily Moving Average (DMA) crossed the 200 DMA for the downside. Thus, the bearish signal is resuming. On the upside, we follow 94.65 level as the first resistance level. The expected trading range for today is between 91.10 support and 96.05 resistance.

• Support: 93.00 – 91.10 – 88.25
• Resistance: 94.65 – 96.05 – 97.00