Brent oil price touched 75.20 level and found solid resistance there, to rebound bearishly and hint heading to achieve more expected decline on the intraday basis, waiting to test 72.70 level initially, which breaking it represents the key to press on the price to head towards 69.60 areas mainly.
Therefore, we expect to witness negative trades in the upcoming sessions unless breaching 75.20 and holding above it.
The expected trading range for today is between 72.50 support and 75.50 resistance.
The expected trend for today: Bearish
Origin: Economies
