Brent oil price traded with clear positivity yesterday to breach 72.45 level, but its still below the most important resistance at 74.00, noticing that stochastic shows clear overbought signals, to form negative factor that we are waiting to assist to push the price to decline again.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 74.00, reminding you that our next main target is located at 70.00.
Expected trading range for today is between 71.00 support and 74.00 resistance.
Expected trend for today: Bearish
Origin: Economies
