Brent oil price broke 72.06$ level clearly and closed the daily candlestick below it, to add more confirmation to the continuation of the expected bearish trend on the intraday and short-term basis, waiting to visit 70.90$ followed by 70.00$ levels as next negative stations.
Holding below 72.06$ is important to the continuation of the expected decline, as breaching it will lead the price to attempt to build intraday bullish wave that targets testing 73.90$ areas mainly.
The expected trading range for today is between 69.80$ support and 72.80$ resistance.
Trend forecast: Bearish
Origin: Economies
