4
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.
Advertisements
For today, the expected trading range is between the support level at $72.50 and the resistance level at $75.50.
Advertisements
Trend Forecast: Bearish
You Might Be Interested In:
