Brent oil price fluctuates negatively to settle below 85.00$ barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our next target at 84.10$, which represents 38.2% Fibonacci correctional level for the rise from 76.95$ to 88.53$, which means that breaking it will push the price towards 82.74$ direct.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 85.80$ and hold with a daily close above it.
The expected trading range for today is between 83.20$ support and 86.00$ resistance.
Trend forecast: Bearish
Origin: Economies
