Brent oil price faces negative pressure to head towards potential visit to 84.11$ level, which represents 38.2% Fibonacci correction level for the rise measured from 76.95$ to 88.53$, noting that breaking this level will push the price towards 82.74$ as a next correctional target.
The EMA50 forms negative pressure that supports the expectations to 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 83.30$ support and 86.20$ resistance.
Trend forecast: Bearish
Origin: Economies
