Brent oil prices have experienced a notable decline in recent sessions, successfully reaching the first expected negative target at $69.15. Starting today with a bullish bias, influenced by stochastic positivity, the price may test the $70.10 level before reversing course and resuming its decline. This upward movement is seen as a potential test of the neckline for the double top pattern, which is becoming apparent on the chart.
Trend Outlook: Bearish
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