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June 15, Analysts at Economies’ latest opinion today: Brent crude oil prices broke through 74.3 and closed below this level yesterday, reactivating the bearish trend and moving towards the realization of the downside targets, which started at 71.60 , extended to 70.15, surpassing the previous level.
Therefore, supported by the bearish signal provided by EMA50, the bearish bias will continue to be suggested today. It is worth noting that a break of 74.30 will stop the expected decline and guide the price to complete the rise of the day. Its target starts at 75.40 and extends to 76.80.
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Today’s expected trading range is 71.30 support and 74.50 resistance.
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