Technical analysis: Brent crude prices start to fall

On June 20, Economies analysts’ latest opinion today: Brent crude oil prices rebounded significantly after retesting 76.80 in the previous few trading days, which strengthened the expectation of a continued downward trend on an intraday basis, and was bearish by stochastic indicators Signal impact, waiting for the next main target 74.30.

A break above 75.60 would help to achieve the suggested target, while a break above 76.80 would stop the expected downtrend and allow the price to move higher towards 77.75 and a possible extension to 78.90 after breaking the previous level.

Today’s expected trading range is between 74.00 support and 77.30 resistance.