Technical analysis: Brent crude prices start to fall

June 20th, the latest view of analysts at Economies today: Brent crude oil prices rebounded significantly after retesting 76.80 in the previous few trading days, which strengthened the expectation of a continuation of the downward trend on an intraday basis, supported by stochastic indicators Bearish signal impact, waiting for the next major target at 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 push prices higher towards 77.75 and a possible extension to 78.90 after the break of previous levels.

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