Brent oil resumes the negative attempts – Analysis – 07/06/2018

forex_news_neftBrent oil price returned to decline after the bullish bias that it witnessed yesterday, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic shows negative signal now.

Therefore, we believe that the chances are valid to continue the expected bearish trend on the intraday and short term basis, reminding you that our waited targets begin at 74.23 and extend to 72.18.

Expected trading range for today is between 73.00 support and 76.77 resistance.

Brent oil resumes the negative attempts – Analysis - 07-06-2018

Origin: Economies

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