Brent oil price tested the key resistance 74.00 yesterday, and bounced downwards strongly from there to approach the key support 72.00, which keeps the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to break the mentioned support to confirm extending the bearish wave towards 70.00 followed by 67.50 levels as next main stations.
We remind you that the continuation of the expected decline depends on holding below 74.00 level.
Expected trading range for today is between 71.00 support and 74.00 resistance.
Expected trend for today: Bearish
Origin: Economies
