Brent oil price opens today’s trading with a clear negativity to begin pressing on 80.80 level, rienforcing the chances for the bearish correctional wave extension on the intraday and short term basis, waiting for breaking this level to confirm heading towards 77.70 as a next negative station.
Therefore, we will keep preferring the bearish trend in the upcoming period, conditioned by the price’s stability below 82.50 level.
The expected trading range for today is between 79.00 support and 82.00 resistance.
The expected trend for today: Bearish
Origin: Economies
