Brent oil price begins today with new decline to approach the new waited target at 77.00$, and we expect the continuation of the bearish bias to achieve additional negative targets that reach the recently recorded low at 75.78$, to keep the bearish trend valid and dominant in the upcoming sessions.
The EMA50 forms negative pressure that supports the continuation of the expected decline, which will remain valid conditioned by the price stability below 78.80$.
The expected trading range for today is between 75.60$ support and 78.60$ resistance.
Trend forecast: Bearish
Origin: Economies
