BMW price provided some bullish trading in the last period, to retest the broken bullish channel’s support at 88.95, which forms a strong barrier that forces it to renew the bearish attempts as appears in the above image, therefore, we will keep preferring the bearish bias domination, to expect the price attraction to 84.90 to press on the moving average 55, to resume the negative attack by reaching 81.00.

Stochastic attempt to surpass the overbought level confirms surpassing the positive pressures, which increase the chances for gaining new negative momentum, to begin recording the suggested targets.

Expected trading range for today is between 89.00 and 85.00

Expected trend for today: Bearish