Brent oil price managed to touch 75.36$ level, noticing that the price finds solid resistance there, to show some bearish bias and might head to test the key support 73.90$ before turning back to rise again, especially that stochastic shows clear negative signals now.
Note that the overall bullish trend will remain suggested as long as 73.90$ level remains intact, and the price needs to breach 75.36$ to confirm extending the bullish wave and head towards 76.84$ as a next positive target.
The expected trading range for today is between 73.90$ support and 76.70$ resistance.
Trend forecast: Bullish
Origin: Economies
