Brent oil price shows more bearish bias to surpass 74.00$ barrier and settles below it, confirming the continuation of the bearish trend domination, on its way to test 72.90$ that represents our next target, which breaking it represents the key to rally towards 71.6$ as a next station.
Consolidating below 74.00$ represents the first protection factor to the continuation of the expected decline, as breaching it might push the price to recover and test the most important resistance at 75.80$ before any new attempt to decline.
The expected trading range for today is between 72.20$ support and 75.20$ resistance.
Trend forecast: Bearish
Origin: Economies
