Brent oil price settles below 72.00 level, and the EMA50 forms continuous negative pressure against the price, to protect trading inside the bearish channel that appears on the chart, waiting to resume the bearish bias that its next target located at 70.00.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 72.00, noting that surpassing the mentioned target will push the price towards 67.50 as a next main target.
Expected trading range for today is between 69.50 support and 72.50 resistance.
Expected trend for today: Bearish
Origin: Economies
