Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to surpass 86.00$ barrier and reinforce the domination of the bearish trend on the intraday basis, and the way is open to achieve our waited target at 84.77$, reminding you that surpassing this level will push the price to achieve additional bearish correction that its next target reaches 82.40$.

Bearish trend scenario Therefore, we will continue to suggest the bearish trend for the upcoming sessions unless the price breached 87.67$ and hold above it.

Bearish trend continuation The expected trading range for today is between 84.60$ support and 87.70$ resistance.

Trend forecast: Bearish