Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly and couldnt manage to confirm the return to the bullish channel. It attacked the 87.67$ level and headed towards a potential return to the correctional bearish trend. We expect domination of the bearish trend in the upcoming sessions, targeting 84.77$ areas as the next negative station. Therefore, we expect to witness more decline for the rest of the day. Noting that trading above 87.67$ again will lead the price to recover and achieve gains that start at 90.10$ followed by 92.35$. Expected Trading Range Between 85.50$ support and 88.00$ resistance.

Trend Forecast: Bearish