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.
Today’s expected trading range is 71.30 support and 74.50 resistance.