Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ level clearly. It closed the last four hours candlestick below it, reinforcing the expectations of continuing the bearish trend for the rest of the day. This opens the way to achieve our next negative target at 84.77$, reminding you that the continuation of the bearish wave depends on the price stability below 89.80$. Expected Trading Range Between the 85.90$ support and the 88.90$ resistance.

Trend Forecast: Bearish