Brent oil prices face strong headwinds(June 8th)

June 8th, Economies.com analysts’ latest views today: Brent oil prices broke through 76.80 yesterday and stabilized above it, but it encountered strong resistance around 77.60, causing the price to fall and try to trade below it. Prices trade at 76.80, suggesting a resumption of downside expectations on the day, awaiting a pullback to 75.95, followed by 74.30 as the next major target. It is important to note that staying below 77.60 is very important for the continuation of the decline, as a break of this level represents the key for the price to rise and head to test 78.90 as the next target. Today’s expected trading range is between 75.00 support and 78.20 resistance.