Technical analysis: Brent crude oil prices held steady on June 27

June 27th, Economies analysts’ latest views today: Brent crude oil prices tried to break through 74.30, but remained stable below it, which makes our bearish view on the future still valid, supported by bearish signals provided by stochastic indicators, Waiting for the next major target 71.60.

EMA50 is again putting downward pressure on the price to support the continuation of the downtrend, need to take into account that a break of 74.30 will lead to a recovery towards 75.45 and then 76.80.

Today’s expected trading range is between the 72.30 support level and the 75.30 resistance level.