Brent oil price returns to rise after testing 73.90$ level in the previous sessions, to approach the key resistance 75.36$, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, and the price needs to break 73.9$ to confirm extending the bearish wave towards 72.06$.
On the other hand, we should note that breaching 75.36$ followed by 75.60$ will stop the bearish trend and lead the price to rise again.
The expected trading range for today is between 73.00$ support and 76.00$ resistance
Trend forecast: Bearish
Origin: Economies
