Brent Oil Price Analysis
Expected Scenario
Brent oil price bounced bearishly after reaching few pips away from our waited positive target at 84.77$, to resume the expected bearish trend on the intraday and short-term basis, organized inside the bearish channel that appears on the chart, waiting to test 82.45$ as a first station.
Breaking the 82.45$ level will open the way to rally towards 80.08$ as a next main target.
Expected Trading Range
Between 81.70$ support and 84.70$ resistance.
Trend Forecast: Bearish\
Origin: Economies
