Brent oil price shows calm negative trading to move away from 76.77 level, on its way towards a potential test to 74.20, noticing that the negative pressure formed by the EMA50 contradicts stochastic positivity, which makes us continue with our neutrality until the price manages to surpass one of the mentioned levels to detect its next destination clearly.
Note that breaching the mentioned resistance will lead the price to achieve gains that start at 80.50, while breaking the support will push the price to target 72.00 followed by 70.00 levels as next correctional stations.
Expected trading range for today is between 74.00 support and 77.50 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
