Brent Oil Price Analysis
Expected Scenario
Brent oil price managed to achieve our waited target at 82.45$ and broke it to close the daily candlestick below it, confirming opening the way to achieve additional negative targets in the upcoming period, noting that our next station reaches 80.08$.
Moving below the EMA50 supports the continuation of the expected decline, which will remain valid conditioned by the price stability below 82.45$.
Expected Trading Range
Between 80.00$ support and 83.00$ resistance.
Trend Forecast: Bearish
Origin: Economies
