Technical analysis: Brent crude oil price reaches target price on July 6

July 6th, Economies analysts’ latest opinion today: Brent crude oil price successfully reached the expected target of 76.80 and consolidated around this level. If it breaks through this level, the price will continue to rise, starting at 77.75 and extending to 78.90.

Therefore, the short-term will maintain bullish expectations, but it should be noted that if it fails to break through 76.80, the price will fall back to 75.05, followed by 74.30, and then there will be a new attempt to rise.

Today’s expected trading range is between 75.30 support and 78.50 resistance.