Brent oil price resumed its negative trading strongly yesterday to surpass 74.00 level and approaches our next target at 71.90, falling under more negative pressure that opens the way to achieve more negative targets, to extend to 71.30 followed by 70.30 levels.
Therefore, the bearish trend will remain valid and active in the upcoming period unless breaching 74.16 level and holding above it.
Expected trading range for today is between 71.00 support and 74.00 resistance.
Expected trend for today: Bearish
Origin: Economies
