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On June 28, the latest views of Economies analysts today: Brent crude oil prices resumed their decline after a few days of consecutive rises, and approached our waiting negative target of 71.60, which strengthened the expectation of continued bearish trend dominance. Note that a break above this level will push the price to visit the next barrier at 70.00.
Therefore, unless the price rises above 74.30 and closes above it, we continue to recommend a bearish outlook going forward.
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Today’s expected trading range is between 71.00 support and 74.00 resistance.
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