Brent oil price bounced bearishly after reaching few pips away from our waited positive target at 73.90$, to reach the thresholds of 72.06$ level, and we suggest the continuation of the negative pressure to break this level and open the way to achieve negative targets that start at 70.85$ and extend to 70.00$ on the near-term basis.
Therefore, the bearish trend will be suggested for today unless the price rallied to breach 73.90$ and hold above it.
The expected trading range for today is between 71.00$ support and 74.00$ resistance.
Trend forecast: Bearish
Origin: Economies
