Brent oil price traded with strong negativity to break 72.85$ level and reach 72.06$ in the previous sessions, to suggest the bearish bias in the upcoming period and activate the negative scenario on the intraday basis, waiting to break the last level to confirm opening the way to visit 71.00$ followed by 70.45$ levels as next negative targets.
Therefore, the bearish trend will be expected for today, noting that breaching 73.90$ will stop the suggested decline and lead the price to turn to rise.
The expected trading range for today is between 71.20$ support and 74.20$ resistance.
Trend forecast: Bearish
Origin: Economies
