Brent oil price traded with clear negativity yesterday to succeed achieving our waited target at 77.44, and we suggest surpassing this level to achieve additional negative targets that reach 76.00.
The EMA50 supports the continuation of the suggested bearish wave, taking into consideration that failing to break 77.44 will push the price to attempt to build bullish wave and achieve gains that start at 79.20 and extend to 81.00.
The expected trading range for today is between 75.80 support and 78.70 resistance.
The expected trend for today: Bearish
Origin: Economies
