Brent oil price managed to touch our waited target at 83.87 and bounced bearishly from there, to hint heading to build bearish wave on the intraday basis, targeting visiting 82.50 followed by 81.00 levels as next main stations.
Therefore, the bearish bias will be suggested for today, supported by stochastic negativity that appears clearly now, taking into consideration that breaching 83.87 will stop the current negative pressure and lead the price to continue the main bullish trend.
The expected trading range for today is between 81.50 support and 84.50 resistance.
The expected trend for today: Bearish
Origin: Economies
