Brent oil price finds difficulty to surpass the EMA50 that forms solid support at 85.80, and the price needs to get negative motive that assist to break this level and open the way to rally towards our waited correctional target at 84.33.
Stochastic loses its positive momentum clearly to support the chances of resuming the negative trades in the upcoming sessions, to keep the bearish trend scenario valid and active conditioned by the price stability below 87.20.
The expected trading range for today is between 84.30 support and 87.30 resistance.
The expected trend for today: Bearish
Origin: Economies
