Brent oil price declined clearly yesterday to succeed breaking 85.00 level and hold below it, to add more confirmation to the continuation of the bearish trend domination on the intraday basis, and the way is open to achieve our waited negative target at 83.50.
Therefore, we are waiting for more decline in the upcoming sessions, supported by moving below the EMA50, noting that breaching 85.70 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 83.00 support and 86.00 resistance.
The expected trend for today: Bearish
Origin: Economies
