Brent oil price confirmed breaking 72.00$ level, to support the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next main target reaches 70.00$.
The EMA50 forms negative pressure that supports the suggested bearish wave, taking into consideration that breaching 72.00$ will lead the price to build intraday bullish wave that targets 73.80$ areas mainly.
The expected trading range for today is between 69.80$ support and 72.80$ resistance.
Trend forecast: Bearish
Origin: Economies
