Brent oil price traded with strong negativity after confirming breaking 81.00 level, to reach 79.00$ barrier, opening the way to achieve more decline and head to visit 77.44 as a next negative station.
Therefore, the bearish trend will be suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 81.00 will stop the current bearish trend and lead the price to attempt to regain the bullish trend again.
The expected trading range for today is between 77.60 support and 80.70 resistance.
The expected trend for today: Bearish
Origin: Economies
