Brent oil price surpassed 82.50 level to reach the thresholds of the main waited target at 81.00, and we suggest the continuation of the bearish bias to break this level and achieve more decline on the intraday basis, noting that the next target reaches 79.30.
Therefore, the bearish trend will remain dominant in the upcoming sessions, supported by moving below the EMA50, noting that the consolidation of 81.00 against the current negative pressure might push the price to attempt to recover and build bullish wave that its targets begin by testing 82.40 areas.
The expected trading range for today is between 79.60 support and 82.50 resistance.
The expected trend for today: Bearish
Origin: FreshForex
