Technical analysis: Brent crude oil prices try to recover on June 21

June 21st, Economies analysts’ latest opinion today: Brent crude oil prices fell sharply yesterday and were close to our waiting target of 74.30. We noticed that the price rebounded and is now close to the key resistance level of 76.80. The price needs to be at this level Consolidation below to keep the bearish trend going and wait for another test of the first level.

On the other hand, we should note that a break above 76.80 and hold above it will cause the price to turn upwards towards the upside target from 77.75 to 78.90.

Today’s expected trading range is between 74.30 support and 77.75 resistance.