Brent oil price succeeded to achieve our first waited target at 82.74$ and broke it to settle below it, and it is now testing the resistance line formed at this level and keeps its stability below it until now, to keep the bearish trend scenario valid for the upcoming period, organized inside the bearish channel that supports the chances of visiting 81.38$ as a next negative station.
Therefore, we expect to witness additional negative trades in the upcoming sessions, noting that breaching 82.74$ will push the price to achieve additional gains and might target 84.10$ areas before turning back to decline again.
The expected trading range for today is between 82.00$ support and 83.85$ resistance.
Trend forecast: Bearish
Origin: Economies
