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Brent oil prices remained stable as of yesterday, showing little movement. The stochastic indicator is beginning to show negative overlap, which could signal a resumption of the anticipated bearish trend for today. The price is expected to target $73.90, followed by a potential drop to $72.06 if the previous level is breached. It is important to note that maintaining a position below $75.36 and $75.60 is crucial for the continuation of this expected decline.
For today, the anticipated trading range is between a support level of $73.00 and a resistance level of $76.00.
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Trend Forecast: Bearish
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