Brent oil price tested the intraday resistance line that appears on the chart and keeps its stability below it, falling under the negative pressure formed by the EMA50, which supports the chances of resuming the correctional bearish trend, which targets 80.80 level as a next main station.
The EMA50 forms negative pressure that supports the expectations to decline, which will remain valid conditioned by the price stability below 83.95.
The expected trading range for today is between 81.70 support and 84.50 resistance.
The expected trend for today: Bearish
Origin: Economies
