Brent oil price resumed its negative trading after testing 73.90$ level yesterday, to approach the waited target at 72.06$, and we expect to break this level and achieve additional negative targets that extend to 71.00$ followed by 70.00$.
Moving below the EMA50 supports the suggested bearish wave, while breaching 73.90$ will stop the expected decline and lead the price to attempt to recover and achieve gains that start by visiting 75.36$ areas.
The expected trading range for today is between 70.80$ support and 73.80$ resistance.
Trend forecast: Bearish
Origin: Economies
