Technical analysis: Brent crude oil prices to maintain bearish trend

On June 19, Economies analysts’ latest views today: Brent crude oil prices were close to our expected target of 76.80, but then rebounded significantly and fell, and tested the expected key support level of 74.30, which is expected to remain bearish in the next few trading days Trend, it is worth noting that a break above the support level will allow the decline to continue, with the next major target expected to reach 73.00.

Therefore, we recommend continuing to be bearish on an intraday basis, but need to take into account that a break of 76.80 will stop the decline and lead to higher prices.

Today’s expected trading range is between the 73.60 support level and the 76.80 resistance level.