Brent oil price begins today with bullish bias to test 75.60 resistance line, which makes us monitor the price carefully now, as holding below this level represents key condition to the continuation of the expected bearish trend on the intraday and short-term basis, noting that breaching it will push the price to continue the rise and visit 77.44 mainly.
The technical indicators provide negative signals that support the continuation of the suggested bearish wave, reminding you that our next targets begin at 72.70 and extend to 71.70.
The expected trading range for today is between 73.60 support and 76.80 resistance.
The expected trend for today: Bearish
Origin: Economies
