Brent oil price traded with clear negativity yesterday, as it broke 73.79$ and closed the daily candlestick below it, to fall under expected negative pressure in the upcoming sessions and head towards visiting 72.00$ areas as next main stations.
Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, noting that breaching 73.79$ followed by 74.25$ levels will stop the expected decline and lead the price to resume the correctional bullish track again.
The expected trading range for today is between 72.00$ support and 75.00$ resistance.
Trend forecast: Bearish
Origin: Economies
