Brent oil price tested the key resistance 81.00 and kept its stability below it, to keep the bearish trend scenario valid for the upcoming period, which targets 79.00 followed by 77.44 levels as next main stations.
The EMA50 forms negative pressure against the price to support the continuation of the suggested bearish wave, reminding you that it is important to hold below 81.00 to achieve the waited targets.
The expected trading range for today is between 78.60 support and 81.60 resistance.
The expected trend for today: Bearish
Origin: Economies
