Brent oil price provided additional negative trades to break 82.90 support line ad settles below it, to fall under more expected negative pressure in the upcoming sessions, on its way to test 81.30 level initially, noting that breaking this level will push the price to suffer additional losses that reach 79.70.
Moving below the EMA50 supports the continuation of the expected decline, while breaching 83.70 will stop the suggested negative scenario and lead the price to start recovery attempts that target visiting 85.10 level as a first positive station.
The expected trading range for today is between 81.00 support and 84.00 resistance.
The expected trend for today: Bearish
Origin: Economies
