Brent crude oil price exhibited discernible positive movement, ascending to the 85.00 threshold; however, its concluding stance yesterday below 84.33 has rekindled the prospects for a resumption of the corrective bearish trend. The envisioned trajectory aims at forthcoming targets of 83.00 followed by 81.95 levels.
Consequently, the bearish trajectory retains its validity and prominence in the imminent period. This projection is fortified by the prevailing pessimism indicated by key indicators. It is notable that surpassing the 84.33 level and maintaining an elevation above it could incite an endeavor to orchestrate a bullish wave, with an initial target set at 86.00 regions.
The projected trading scope for today spans from 82.50 support to 85.50 resistance.
The projected trend for today: Bearish.