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Brent crude oil prices have tested the $73.90 level, finding solid support at this point. A break below this level is anticipated to confirm the continuation of the bearish trend in the coming sessions, with the next target set at $72.06.
Negative signals from the stochastic indicator reinforce expectations of further declines. It is crucial to maintain a position below $75.36 to sustain the bearish momentum.
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For today, the expected trading range is between the support level at $72.50 and the resistance level at $75.50.
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Trend Forecast: Bearish
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