Brent Oil Price Analysis
Expected Scenario
Brent oil price provided positive trades yesterday to test 84.00$ barrier, noticing that stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the main bearish trend, which its targets begin at 82.40$ and extend to 80.08$ after breaking the previous level.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 84.77$ followed by 85.80$ levels and holding above them.
Expected Trading Range
Between the support at 82.00$ and the resistance at 85.00$
Trend Forecast: Bearish
