Brent oil price’s recent trades are confined within symmetrical triangle that appears on the chart, thus, the price needs to break 86.40 to get negative motive that assist to rally towards our next correctional target that reaches 83.87.
The technical indicators provide negative signals that support the continuation of the expected bearish trend in the upcoming sessions, noting that breaching 88.20 will stop the suggested decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 85.40 support and 88.40 resistance.
The expected trend for today: Bearish
Origin: Economies
