Brent oil price succeeded to achieve our waited target at 84.10$, noticing that the price closed yesterday below it, which supports the expectations of continuing the domination of the correctional bearish trend on the intraday basis, paving the way to visit 82.74$ as a next main target.
The EMA50 forms negative pressure that supports the suggested bearish wave, noting that breaching 84.10$ and holding above it will stop the negative scenario and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 82.20$ support and 85.20$ resistance.
Trend forecast: Bearish
Origin: Economies
