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Today, Brent oil prices have settled below $85.80, with the EMA50 exerting downward pressure on the price. This reinforces our expectation of a continued bearish trend for the day, contingent on the price remaining below $85.80. Our targets remain unchanged, starting at $84.10 and extending to $82.74 should the price break below the aforementioned level.
The anticipated trading range for today is expected to be between support at $83.70 and resistance at $86.50.
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Trend Forecast: Bearish
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