Mixed sentiment sees Brent crude ending the day broadly flat; establishes tight $85.45 to $85.86 range

ICE Brent crude trades at $85.77 per barrel, after ending yesterday at $85.61.

United States Core Consumer Prices is next.

This uncertain state for Brent crude oil is reflected by published market data as United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of 377,000, while the previous figure was -4.35 million. Fresh 3-Year Note Auction data from United States came out at 3.81.

Brent Crude Oil's upper Bollinger Band® is at $87.89, suggesting that a downward move may follow.

Despite the market lacking direction, technical chart analysis strongly suggests ICE Brent crude is positioned for a downward move in the near term.

Meanwhile, mixed performances are seen in other Energy as Heating Oil trades close to $2.68, with no major change.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -583,000. It previously stood at -3.74 million; data will be released today at 14:30 UTC. United States Consumer Price Index figure is projected at 0.2%. It previously stood at 0.4%; data will be released today at 12:30 UTC.

ICE Brent crude is now trading 30.74% below the significant high of $123.6 it set around 10 months ago.