Brent oil price ended yesterday with clear positivity to retest the broken neckline of the double top pattern that appears on the chart, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trades to head towards our next main target at 75.80$.
Holding below 78.80$ represents the most important condition to the continuation of the expected decline, as breaching it will push the price to build new bullish wave that targets 80.65$ areas.
The expected trading range for today is between 76.10$ support and 79.10$ resistance.
Trend forecast: Bearish
Origin: Economies
