Brent oil price bounced bearishly after testing 80.43 level yesterday, as the bearish channel continues to organize the recently suggested bearish wave, supported by the negative pressure formed by the EMA50, waiting to break 78.49 level to confirm rallying towards 76.56 as a next main station.
We should note that breaching 80.43 represents an initial positive key to start recovery attempts and regain the main bullish trend.
Expected trading range for today is between 77.50 support and 80.43 resistance.
Expected trend for today: Bearish
Origin: Economies
