Brent oil price succeeded to break 76.56 level and closed the daily candlestick below it, which supports the continuation of our bearish overview on the intraday and short term basis, organized inside the bearish channel that appears on the chart, waiting to head towards 74.00 level that represents our next main target.
The EMA50 supports the expected decline, taking into consideration that breaching 76.56 might push the price to test 78.50 areas before any new attempt to decline.
Expected trading range for today is between 74.50 support and 77.50 resistance.
Expected trend for today: Bearish
Origin: Economies
