Brent oil price broke 77.05$ level clearly and settled below it, starting today with new bearish bias to support the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to head towards our main waited target at 75.66$, which represents 61.8% Fibonacci correction level for the rise from 71.23$ to 82.82$.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 73.90$ and holding with a daily close above it.
The expected trading range for today is between 74.90$ support and 77.90$ resistance.
Trend forecast: Bearish
Origin: Economies
