Yesterday Brent oil traded in different directions in the range of 82.00-83.60 and closed the day without significant changes. Oil rose slightly today, rising to 83.80. On the hourly chart, Brent is still trading below the moving average MA (200) H1 (84.70). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and as long as Brent remains below MA 200 H1, it may be necessary to look for entry points for selling to form a correction.
Probably, the main scenario is to move forward is to continue falling towards 82.00 (Aug 24 low).
The alternative scenario suggests consolidation above MA 200 H1 followed by a rise towards 87.50 (Aug 11 high).
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