Brent oil price traded with clear negativity in the previous sessions to surpass 81.00 and settles below it, starting today with additional decline to move away from this level and reinforce the expectations of continuing the domination of the bearish trend, reminding you that our next target is located at 77.44.
The EMA50 presses negatively on the price to support the continuation of the suggested decline, which will remain valid conditioned by the price stability below 81.00.
The expected trading range for today is between 78.30 support and 81.00 resistance.
The expected trend for today: Bearish
Origin: Economies
