Brent oil price opens today’s trading with clear negativity to start attempts to break 80.80 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by stochastic and the EMA50 negativity.
Breaking the mentioned level will press on the price to head towards 77.70 as a next negative target, while the expected decline will remain valid unless breaching 82.25 and holding above it.
The expected trading range for today is between 79.30 support and 82.25 resistance.
The expected trend for today: Bearish
Origin: Economies
