Brent Oil Price Analysis
Expected Scenario
Brent oil price reached the awaited target at 84.77$ and encountered solid resistance, accompanied by clear overbought signals through stochastic.
Preference to stay aside until the price confirms its situation according to 84.77$ level to detect the next destination clearly.
Consolidating below 84.77$ may trigger a bearish rebound towards 82.42$ initially, while breaching it could lead to new gains starting at 85.80$ and extending to 87.67$.
Expected Trading Range
Between 83.00$ support and 86.00$ resistance
Trend Forecast: Neutral
Origin: Economies
