Brent oil price crawls downwards calmly, and the technical indicators keep providing the negative signals, waiting for more decline to test 75.66$ initially, reminding you that breaking this level will push the price towards 74.00$ as a next target.

 

In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 77.05$ and hold above it.

 

The expected trading range for today is between 74.90$ support and 77.90$ resistance.

 

Trend forecast: Bearish