Brent oil price continued to decline yesterday to reach 80.70$ level, but it closed the daily candlestick above 81.38$, and we suggest resuming the negative trades to break this level and head to achieve more negative targets in the upcoming period, noting that the next targets reach 79.70$.
The bearish channel organizes the suggested bearish wave, which gets continuous support by the EMA50, noting that the continuation of the bearish wave requires holding below 82.74$.
The expected trading range for today is between 79.75$ support and 82.75$ resistance.
Trend forecast: Bearish
Origin: Economies
