Brent oil price succeeded to achieve our extended target at 82.70, noticing that the price bounced bearishly from there to head towards potential visit to the bullish channel’s support line that appears on the chart, making the bearish trend suggested in the upcoming sessions, supported by stochastic negativity.
The expected targets begin at 79.90 and extend to 77.70, taking into consideration that breaching 83.05 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 80.50 support and 83.30 resistance.
The expected trend for today: Bearish
Origin: Economies
