Brent oil price faced strong negative pressure in the previous sessions, as it completed forming rising wedge pattern that its signs appear on the chart, to break 85.80$ and settle below it, which puts the price under the correctional bearish pressure again and opens the way to head to visit 84.10$ as a next negative station, noting that breaking this level will push the price towards 82.74$ direct.
Therefore, the bearish bias will be suggested for the upcoming sessions unless the price managed to breach 85.80$ and hold above it again.
The expected trading range for today is between 83.70$ support and 86.50$ resistance.
Trend forecast: Bearish
Origin: Economies
