Brent oil price touched 71.20 level and bounced bearishly from there, which hints that the price is on its way to resume the main bearish wave, waiting to visit 69.65 followed by 67.70 levels as main negative targets.
The EMA50 and stochastic support the expected decline, which will remain valid unless breaching 71.20 and holding with a daily close above it.
The expected trading range for today is between 69.00 support and 71.50 resistance.
The expected trend for today: Bearish
Origin: Economies
