Brent oil price faced strong negative pressure yesterday to break the minor support 83.85, to head towards more expected decline in the upcoming sessions, targeting testing 82.30 followed by 81.32 levels as next negative stations.
Therefore, we expect to witness negative trades today, taking into consideration that breaching 83.95 will stop the negative pressure and lead the price to resume the correctional bullish track again.
The expected trading range for today is between 81.50 support and 84.80 resistance.
The expected trend for today: Bearish
Origin: Economies
