Brent oil price approached our first waited target at 74.23 and bounced bullishly to fluctuate around 75.50 level, and the EMA50 continues to press negatively on the price, to keep the bearish trend scenario active in the upcoming sessions, reminding you that surpassing the first target will push the price towards 74.23 as a next station.
On the other hand, we should note that breaching 76.77 will stop the expected decline and lead the price to rise again.
Expected trading range for today is between 74.00 support and 76.77 resistance.
Origin: Economies
