Brent oil price begins testing the key support 76.56 now, which breaking it represents the key to rally towards our next negative target at 74.00, to keep the price organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50.
We should note that the continuation of the expected decline depends on the price stability below 78.50.
Expected trading range for today is between 75.00 support and 78.50 resistance.
Expected trend for today: Bearish
Origin: Economies
