Brent Oil Price Analysis
- Brent oil price maintains stability below 84.77$ level.
- Stochastic begins to lose positive momentum, indicating a potential resumption of the bearish trend.
- The next target for the bearish trend is located at 82.40$.
- The negative scenario relies on the completion of the double top pattern visible on the chart.
- If breached, the pattern has targets beyond 82.40$, reaching 80.10$ areas.
- Breaking 84.77$ followed by 85.80$ levels will halt the bearish trend and may signal a shift to a bullish trend.
The expected trading range for today is between 82.60$ support and 85.80$ resistance.
Trend forecast: Bearish