Brent oil price resumes its negative trades after touching 79.40 level yesterday, noticing that the price forms double top pattern that its signs appear on the chart, which hints heading to achieve more expected bearish correction in the upcoming period, which its targets begin at 77.00 and extend to 74.70 after surpassing the previous level.
Therefore, we will continue to suggest the bearish trend unless breaching 79.40 and holding above it.
The expected trading range for today is between 76.50 support and 79.50 resistance.
The expected trend for today: Bearish
Origin: Economies
