Brent oil price provided new strong negative trades yesterday to succeed achieving the extended target at 83.90, showing sideways trades now, waiting to get negative momentum that assists to push the price to resume the bearish wave and head towards more negative stations that we expect to reach 79.90.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 85.90 might push the price to achieve temporary bullish correction before turning back to decline again.
The expected trading range for today is between 82.00 support and 85.90 resistance.
The expected trend for today: Bearish
Origin: Economies
