Brent oil price hovers around 76.56 level since yesterday and keeps its stability below it, accompanied by stochastic reach to the overbought areas, to keep the price stable within the bearish channel that appears on the chart, waiting to resume the bearish bias in the upcoming sessions, which targets 74.00 level as a next station.
We remind you that breaching 76.56 will push the price to attempt to regain the bullish trend again, to start the positive targets by testing 78.50.
Expected trading range for today is between 74.20 support and 77.50 resistance.
Expected trend for today: Bearish
Origin: Economies
