Brent oil price continued to rise in the previous sessions to surpass 84.33 level, but we notice that the price begins today negatively to move below this level, motivated by stochastic current negativity, to support the chances of resuming the correctional bearish trend and head to achieve negative targets that start at 83.00 and extend to 81.90.
Therefore, we will be waiting for negative trades in the upcoming sessions, noting that breaching 84.33 and holding above it will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 82.50 support and 85.50 resistance.
The expected trend for today: Bearish
Origin: Economies
