Brent oil price keeps moving within sideways track, settling below the EMA50 that presses negatively on the price, waiting to resume the bearish bias to test 86.74 that represents our next main target, reminding you that surpassing this level will push the price towards 50% Fibonacci correction level at 83.87.
On the other hand, we should note that breaching 90.30 will stop the current bearish correction and push the price to attempt to return to the main bullish track again.
The expected trading range for today is between 86.70 support and 89.80 resistance.
The expected trend for today: Bearish
Origin: Economies
