Brent oil price shows new negative trades to attempt to return to the bearish channel again, waiting for more decline to achieve our main expected target at 80.93, to keep the bearish trend valid and active on the intraday and short term basis, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 85.70 to continue the expected decline.
The expected trading range for today is between 81.00 support and 84.85 resistance.
The expected trend for today: Bearish