Brent oil price trades positively to approach testing the key resistance 75.36$, and it might retest the broken neckline of the double top pattern before turning back to decline again, noticing that stochastic loses its positive momentum to support the chances of the bearish rebound.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching the above-mentioned resistance, noting that the waited targets begin at 73.90$ and extend to 72.06$ after breaking the previous level.
The expected trading range for today is between 73.00$ support and 76.00$ resistance
Trend forecast: Bearish
Origin: Economies
