Brent oil price traded with clear negativity yesterday to succeeded achieving our first waited target at 74.00, waiting to break this level to confirm extending the bearish wave towards our next targets that reach 72.00 followed by 70.00.
Therefore, the bearish trend will remain valid and active in the upcoming sessions supported by the EMA50, organized inside the bearish channel that appears on the chart, reminding you that holding below 76.47 represents key condition to continue the expected decline.
Expected trading range for today is between 72.00 support and 75.50 resistance.
Expected trend for today: Bearish
Origin: Economies
