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Brent oil price keeps its negative stability – Analysis - 18-08-2021
Brent oil price bounced bearishly after testing 69.65 in the previous sessions, to keep the bearish trend scenario active in the upcoming period, which targets 67.70 level as a first target.
The EMA50 supports the suggested bearish wave, which its targets extend to 66.00 followed by 64.55, reminding you that it is important to hold below 69.65 to continue the expected decline.
The expected trading range for today is between 67.50 support and 70.30 resistance.
The expected trend for today: Bearish
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