Brent crude oil is experiencing downward pressure, having broken below the $75.36 level, and is expected to continue facing bearish sentiment for the remainder of the day. The next key target for the decline is $73.90.
Given this bearish momentum, a negative outlook is anticipated for the coming sessions. However, if the price manages to reclaim and stay above the $75.36 level, it could signal a potential recovery, with the next resistance target at $76.84.
For today’s trading, the expected range is between the $73.90 support level and $76.50 resistance.
Trend Outlook: Bearish
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