Brent oil price bounced downwards strongly after testing 85.90 areas yesterday, to start pressing on the key support 84.33, which urges caution from the upcoming trading, as breaking this level represents negative factor that will push the price to return to the correctional bearish track again.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, noting that breaking it will push the price to achieve negative targets that start at 83.35 and extend to 81.90, while consolidating above it will push the price to resume the main bullish wave and visit 86.75 followed by 88.20 levels.
The expected trading range for today is between 82.75 support and 86.10 resistance.
The expected trend for today: Neutral
Origin: Economies
