Brent Oil Price Analysis Expected Scenario Brent oil price is facing temporary negative pressure to test the EMA50 that attempts to protect the price from achieving more decline. Waiting to resume the positive trades to test 84.77$ mainly, noting that breaching it will push the price towards 85.80$ as a next positive station. On the other hand, breaking 83.80$ will stop the expected rise and push the price to target 82.40$ on the near-term basis. Expected Trading Range Between 83.00$ support and 86.00$ resistance.

Trend Forecast: Bullish