Brent oil price opens today with clear negativity to start attempts to break 81.38$ level, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, which targets 79.70$ as a next main station.
The bearish channel continues to organize the suggested bearish wave, which gets good negative motive by stochastic that overlaps negatively now, noting that failing to consolidate below 81.38$ might push the price to achieve temporary gains and test 82.74$ before any new attempt to decline.
The expected trading range for today is between 79.40$ support and 82.40$ resistance.
Trend forecast: Bearish
Origin: Economies
