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Brent crude oil prices have resumed their downward trend, moving below the $78.80 level. This decline supports the anticipated bearish trend for today, with potential targets set at $77.60 and extending down to $75.80.
Maintaining a price below $78.80 is crucial for sustaining this expected drop. Should the price breach this level, it may initiate a bullish phase on an intraday basis, with the next significant resistance point at $80.65.
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The forecasted trading range for today is between $77.00 and $79.65.
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Trend Forecast: Bearish
