Brent oil price managed to break 84.33 to open the way to continue the bearish correction on the intraday basis, opening the way to head towards the next correctional level at 81.90.
Therefore, we are waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 84.33 will stop the current bearish correction and lead the price to start recovery attempts and build new bullish wave.
The expected trading range for today is between 81.80 support and 84.80 resistance.
The expected trend for today: Bearish
Origin: Economies
