Brent oil price faced strong negative pressure yesterday to break 75.36$ level and settle below it again, to head towards achieving expected decline in the upcoming sessions, its targets being at 73.90$ and extend to 72.06$ after breaking the previous level.
Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 75.36$ will stop the expected decline and push the price to start new recovery attempts.
The expected trading range for today is between 73.00$ support and 76.00$ resistance.
Trend forecast: Bearish
Origin: Economies
