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Brent crude oil prices have reached the anticipated target of $84.10, but the price closed below this level yesterday. This development reinforces expectations of a continued bearish correction in the short term, with the price potentially falling to $82.74 as the next key target.
The 50-period Exponential Moving Average (EMA50) is exerting negative pressure, supporting the anticipated bearish trend. A breakthrough above $84.10, however, could negate this negative outlook and trigger potential recovery attempts in the short term.
For today, the expected trading range for Brent crude oil is between a support level of $82.20 and a resistance level of $85.20.
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