Brent oil price continues to fluctuate around 72.06$ level and finds difficulty to break it, while the bearish trend scenario still valid as long as 72.65$ level remains intact, waiting to break the mentioned support to open the way to head towards 71.20$ followed by 70.65$ as next negative targets.
On the other hand, we should note that breaching 72.65$ will push the price to achieve intraday gains and test 73.90$ before any new attempt to decline.
The expected trading range for today is between 70.60$ support and 73.60$ resistance.
Trend forecast: Bearish
Origin: Economies
