Brent oil price managed to touch our first waited target at 78.30, and bounced bullishly to fluctuate around 80.00 again, and the EMA50 continues to press negatively on the price, waiting to resume the bearish wave that its next target reaches 76.80.
In general, we will continue to suggest the bearish trend within the bearish channel that appears on the chart unless breaching 81.32 and holding above it.
The expected trading range for today is between 78.30 support and 81.30 resistance.
The expected trend for today: Bearish
Origin: Economies
