Brent oil price reached few pips away from our waited positive target at 76.80, and bounced downwards clearly to head towards expected test to the key support 74.30, making the bearish bias expected in the upcoming sessions, noting that breaking the mentioned level will extend the bearish wave to reach 73.00 as a next main station.
Therefore, we suggest the domination of the bearish trend on the intraday basis, taking into consideration that breaching 76.80 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 73.60 support and 76.80 resistance.
The expected trend for today: Bearish
Origin: Economies
