Brent oil price bounced upwards after testing 81.90 level in the previous sessions, to head towards potential test to the key resistance 84.33, noticing that the technical indicators provide negative signals that we expect to motivate the price to decline again.
Therefore, the bearish trend will remain valid for the upcoming period, and the price needs to break 81.90 to confirm opening the way to head towards 80.00 as a next target, noting that breaching 84.33 will stop the negative scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 81.50 support and 84.60 resistance.
The expected trend for today: Bearish
Origin: Economies
