Brent oil price touched 72.95$ level and bounced bullishly to move above 73.00$ barrier, and we suggest resuming the negative trades to visit 72.06$ as a next main target, which breaking it represents the key to extend the bearish wave to achieve additional negative targets that extend to 71.00$.
Moving below the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 73.90$.
The expected trading range for today is between 71.80$ support and 74.70$ resistance.
Trend forecast: Bearish
Origin: Economies
