Brent oil price moves near the key resistance 74.00 and keeps its stability below it, which keeps the bearish trend scenario active until now, supported by the EMA50 that presses negatively on the price, waiting to resume the bearish trend that its targets begin at 72.00 followed by 70.00.
We should note that breaching 74.00 will stop the negative scenario and push the price to visit 76.47 level initially.
Expected trading range for today is between 71.50 support and 75.00 resistance.
Expected trend for today: Bearish
Origin: Economies
