Brent oil price continued to decline after confirming breaking 80.65$ level, to approach 78.80$ areas and hint heading to continue the decline in the upcoming sessions, as breaking the last level represents the key to rally towards 77.65$ followed by 75.80$ levels as next negative targets.
Therefore, the bearish bias will be suggested on the intraday basis, noting that breaching 80.65$ will reactivate the positive scenario that has positive targets that reach 82.15$.
The expected trading range for today is between 77.75$ support and 80.75$ resistance.
Trend forecast: Bearish
Origin: Economies
