Brent Oil Price Analysis
Expected Scenario
Brent oil price managed to reach few pips away from our waited target at 82.40$, noticing that the price rebounds downwards clearly now, affected by stochastic negativity, to hint potential turn to decline on the intraday basis, to head towards visiting 80.08$ areas mainly.
Therefore, the bearish bias will be expected today, noting that breaching 82.40$ will stop the expected decline and lead the price to achieve more gains on the intraday and short-term basis.
Expected Trading Range
Between 79.80$ support and 82.50$ resistance.
Trend Forecast: Bullish
Origin: Economies
