Brent oil price is testing the key resistance 84.33 now, and the price needs to consolidate below this level to keep the correctional bearish trend valid, which targets 83.15 followed by 81.90 levels as next main stations.
Stochastic begins to overlap negatively now, waiting to motivate the price to resume the bearish wave, taking into consideration that breaching 84.33 and holding above it will stop the negative scenario to head towards resuming the main bullish track again.
The expected trading range for today is between 82.50 support and 85.60 resistance.
The expected trend for today: Bearish
Origin: Economies
