Brent oil price provided additional strong negative trades yesterday to break 75.80 level and reach 74.30 direct, noticing that the price broke this level and closed the daily candlestick below it, to open the way to suffer more expected losses in the upcoming sessions, noting that the next negative targets start at 72.05 and extend to 70.15.
Therefore, we expect to witness more bearish bias in the upcoming sessions, noting that breaching 74.30 will stop the current negative pressure and lead the price to attempt to recover on the intraday basis.
The expected trading range for today is between 71.80 support and 75.10 resistance.
The expected trend for today: Bearish
Origin: Economies
