Brent oil price traded with strong negativity yesterday to surpass our first waited target at 78.39$ and settles below it, opening the way to head towards achieving more bearish correction in the upcoming sessions, reminding you that our next target is located at 77.05$.
The EMA50 supports the suggested bearish wave, noting that holding below 78.39$ represents the first condition to the continuation of the expected bearish trend.
The expected trading range for today is between 76.50$ support and 79.50$ resistance.
Trend forecast: Bearish
Origin: Economies
