General trend: the bearish trend still dominates Brent crude trades, as Brent recorded its lowest levels since January 2019, at the levels of $ 53.20, during the beginning of trading this week, to witness a rebound wave during trading today, Tuesday. To record $ 54.50 levels, which constitute price resistance, represented by the upper line of the descending channel, in addition to the price touching the moving average 100, so it is possible that we will witness the end of the current bouncing wave, and return to recording more declines during the current week, the lowest levels of $ 53.

As for the alternative scenario / in the current case of breaching the current resistance at $ 54.50, which is the least likely possibility at the present time, especially in light of the presence of the liquidity flow indicator at high levels of purchasing saturation, we will witness a positive change in the general direction , With more hikes, up to 55 then 55.80 levels.

Expected general trend: bearish (in case of failure to breach the 54.50 resistance).

Expected traffic range: 54.50 to 52.80