Brent oil price keeps providing the negative trades to test 73.00$ barrier, which supports the continuation of the expected bearish wave on the intraday and short-term basis, and we believe that the way is open to visit 71.70 as a next main target.
The bearish channel organizes the suggested bearish wave, and breaking the mentioned level will push the price to achieve more decline on the longer-term basis, while breaching 74.30 will stop the current negative pressure and lead the price to achieve some intraday bullish correction.
The expected trading range for today is between 71.50 support and 74.60 resistance.
The expected trend for today: Bearish
Origin: Economies
