Brent oil price approached testing 74.00 level yesterday, and it bounced downwards strongly to settle at 72.00 level again, which keeps our bearish overview active for today, supported by the negative pressure formed by the EMA50, waiting to target 70.00 followed by 67.50 levels as next main stations.
On the other hand, we should note that the continuation of the negative overview depends on holding below 74.00 level.
Expected trading range for today is between 70.50 support and 74.00 resistance.
Expected trend for today: Bearish
Origin: Economies
