Brent oil price succeeded to achieve our first waited target at 72.75 and attempts to confirm breaking it now, which leads the price to achieve more expected bearish correction on the longer term basis, noting that the next station reaches 71.20.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 72.75.
The expected trading range for today is between 70.70 support and 73.70 resistance.
The expected trend for today: Bearish
Origin: Economies
