Brent oil price presses negatively on the key support 71.70 to move below it now, which urges caution from the upcoming trading, as confirming the break will put the price under negative pressure that targets 70.55 levels before any new positive attempt.
Until now, we will keep the bullish trend scenario conditioned by stepping above 71.70 and holding above it, noting that our main targets begin at 73.20 and extend to 75.60.
The expected trading range for today is between 71.00 support and 74.00 resistance.
The expected trend for today: Bullish