Brent oil price settles near the key resistance 77.44, which represents one of the next trend keys besides 76.30 support, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
Note that breaking the mentioned support will push the price to resume the main bearish track and head towards 74.60 followed by 71.70 levels as main negative targets, while breaching the resistance will lead the price to recover and achieve positive targets that start at 79.30.
The expected trading range for today is between 75.30 support and 78.80 resistance.
The expected trend for today: Neutral
Origin: Economies
