Brent oil price ended yesterday with strong negativity to settle below 78.90, confirming the turn to decline and head to achieve negative targets that start at 77.70 and extend to 76.80.
Therefore, the bearish bias will remain suggested on the intraday basis, it might be preceded by positive attempts affected by the positivity of the technical indicators, taking into consideration that breaching 78.90 and holding above it will stop the negative scenario and lead the price to attempt to build new bullish wave.
The expected trading range for today is between 76.00 support and 80.00 resistance.
The expected trend for today: Bearish
Origin: Economies
