Technical Analysis for June 2: Brent crude prices rise strongly

June 2, Economies analysts’ latest views today: Brent crude oil prices rose strongly yesterday, breaking through 74.30 and stabilizing above it, which stopped the near-term downside forecast and guided prices to rise in the next few trading days , the target is 75.35, followed by 76.80. Holding above 74.30 is important for the uptrend, a break below this level will put pressure on price again towards the downside target from 73.00.

Today’s expected trading range is between 73.50 and 76.60.