Brent oil price ended yesterday below 85.80$ level, to confirm the continuation of the bearish trend domination in the upcoming sessions, and the way is open to visit the next correctional level at 84.10$, noting that breaking it will push the price to visit 50% Fibonacci correction level at 82.74$ direct.
The EMA50 supports the continuation of the expected decline, which will remain valid unless the price rallied to breach 85.80$ and hold above it.
The expected trading range for today is between 83.10$ support and 86.00$ resistance.
Trend forecast: Bearish
Origin: Economies
