Brent oil price attempted to breach 74.30 but it kept its stability below it, which keeps our bearish overview valid for the upcoming period, supported by stochastic negativity that appears clearly now, waiting to head towards 71.60 as a next main target.
The EMA50 forms negative pressure again the price to support the continuation of the suggested bearish wave, taking into consideration that breaching 74.30 will lead the price to recover and head towards 75.45 followed by 76.80 mainly.
The expected trading range for today is between 72.30 support and 75.30 resistance.
The expected trend for today: Bearish
Origin: Economies
