Brent oil price roses again to reach 73.40$ level, noticing that the price bounced bearishly to settle near 72.06$ again, as the technical indicators provide negative signals that push the price to achieve more expected decline in the upcoming sessions, waiting to break 72.06$ to confirm rallying towards 70.65$ that represent sour next negative target.
Therefore, the bearish trend will remain suggested for the upcoming period, noting that confirming breaching 72.75$ will lead the price to achieve new gains that reach 73.90$ before any new negative attempt.
The expected trading range for today is between 70.50$ support and 73.50$ resistance.
Trend forecast: Bearish
Origin: Economies
