Brent oil price hovers around the EMA50, and still confined inside the sideways range that appears on the chart, which its lines represented by 81.00 support and 83.87 resistance, to keep the sideways scenario valid until the price surpassed one of these levels.
We remind you that breaking the mentioned support will put the price under negative pressure and open the way to achieve negative targets that start at 79.25 and extend to 77.44, while breaching the resistance represents the key to regain the bullish trend and head towards 86.74 as a next positive station.
The expected trading range for today is between 81.00 support and 84.20 resistance.
The expected trend for today: Sideways
Origin: Economies
