The Brent oil price is currently making an attempt to break the 85.33 level. This reinforces the expectation of a continued bearish trend for the remainder of the day, with potential targets at 83.70 and then 82.00 as the next key support levels.
The EMA50 (Exponential Moving Average 50) is providing support for this suggested bearish movement, and it will remain valid as long as the price remains below 85.33.
The anticipated trading range for today is expected to be between the support level at 83.50 and the resistance level at 86.50.
The overall trend for today is expected to be bearish.
Please note that this information is based on technical analysis, and actual market conditions may vary. Traders should exercise caution and consider other factors alongside technical analysis before making trading decisions.
