Brent oil price suffered strong losses yesterday, as it broke 83.87 and declined sharply to surpass 81.00 and settles below it, paving the way to achieve more expected decline in the upcoming period, to head towards visiting 79.45 followed by 77.44 levels as main negative stations.
Moving below the EMA50 supports the continuation of the expected bearish trend, which will remain valid unless breaching 81.00 and holding above it.
The expected trading range for today is between 79.00 support and 82.00 resistance.
The expected trend for today: Bearish
Origin: Economies
