Brent oil price resumed its negative trading to surpass 86.00 barrier and confirms the continuation of the bearish trend domination in the upcoming sessions, and the way is open to achieve our main negative target at 83.87.
Therefore, the bearish bias will remain valid on the intraday basis, organized inside the bearish channel that appears on the chart, reminding you that the continuation of the bearish wave depends on the price stability below 86.75.
The expected trading range for today is between 84.00 support and 86.90 resistance.
The expected trend for today: Bearish
Origin: Economies
