Brent oil price succeeded to achieve our waited target at 80.96 and attempts to break it, to hint the continuation of the bearish correction domination in the upcoming sessions, paving the way to head towards 78.90 areas as a next main station.
Therefore, we expect to witness more bearish bias in the upcoming sessions, taking into consideration that failing to confirm breaking 80.96 will lead the price to build bullish wave and attempt to recover to achieve gains that start by visiting 83.50 areas.
The expected trading range for today is between 79.30 support and 82.50 resistance.
The expected trend for today: Bearish
Origin: Economies
