Brent oil price continues to fluctuate within sideways track and still below 74.00, to keep the negative pressure valid on the intraday and short term basis, waiting to trade below 72.00 level again to reinforce the expectations of continuing the bearish trend on the intraday and short term basis, especially after completing forming the double top pattern that its signs appear on the chart.
Our negative targets begin at 70.00 and extend to 67.50 after breaking the previous level, noting that the continuation of the bearish trend depends on the stability of the daily close below 74.00.
Expected trading range for today is between 71.00 support and 74.00 resistance.
Expected trend for today: Bearish
Origin: Economies
