Brent oil price continued to rise to breach 73.90$ level and settle above it, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the negative trades to break the mentioned level and head to achieve our negative targets that start by testing 72.06$ areas.
Therefore, we expect to witness bearish bias in the upcoming sessions, affected by the double top pattern that appears on the chart, noting that breaching 75.36$ will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 72.50$ support and 75.50$ resistance.
Trend forecast: Bearish
Origin: Economies
