Brent Oil Price Analysis Expected Scenario Brent oil price is currently testing the key resistance at 87.67$. Stochastic indicates a loss of positive momentum, reaching overbought levels, while the EMA50 exerts downward pressure on the price. Given these factors, a bearish bias is anticipated in the upcoming sessions, aiming to visit the next correctional level at 84.77$. However, breaking above 87.67$ will invalidate the bearish correction and signal a return to the main bullish trend. Expected Trading Range Between the support at 85.60$ and the resistance at 88.60$

Trend Forecast: Bearish