Brent Oil Price Analysis
Expected Scenario
- Brent oil price succeeded to touch our waited target at 82.40$.
- Attempts to break it, supporting the chances of extending the correctional bearish wave and head to target 80.08$ areas as a next negative station.
- Therefore, our bearish overview will remain valid for today.
- Failing to confirm breaking 82.40$ will lead the price to start recovery attempts and head to visit 84.77$ areas initially.
Expected Trading Range
Between 81.60$ support and 84.60$ resistance.
Trend Forecast: Bearish