Brent Oil Price Analysis
Expected Scenario
Brent oil price keeps declining after confirming breaking 82.45$ level, and we believe that the way is open to achieve our next waited target at 80.08$, supported by moving inside the bearish channel that appears on the chart, waiting for more expected decline in the upcoming sessions.
The negative effect of the previously completed double top pattern supports the negative overview, which will remain valid unless the price rallied to breach 82.45$ and hold above it.
Expected Trading Range
Between 80.00$ support and 82.80$ resistance
Trend Forecast: Bearish
Origin: Economies
