Brent oil price traded with clear negativity yesterday, to move away from 73.90$ and reinforce the expectations of continuing the domination of the bearish trend on the intraday basis, reminding you that our waited target is located at 72.06$.
Moving below the EMA50 supports the suggested negative scenario, and surpassing the mentioned target will lead the price to achieve more decline that its next target reaches 70.85$, while breaching 73.90$ will stop the suggested bearish wave and lead the price to achieve intraday gains that reach 75.36$.
The expected trading range for today is between 71.50$ support and 74.50$ resistance.
Trend forecast: Bearish
Origin: Economies
