Technical analysis: Brent crude oil prices fell after rising on July 4

July 4th, Economies analysts’ latest opinion today: Brent crude oil prices fell back after approaching 76.80 and fell to the key support level of 74.30. They noticed that the price opened higher today, influenced by the bullish influence of the stochastic 4-hour chart, suggesting that The expected bullish trend is about to resume.

Therefore, in the future we expect the price to rise, the target starts from 76.80, and the breakout will extend to 77.75. It is worth noting that a break below 74.30 will stop the bullishness and push the price to turn lower.

Today’s expected trading range is between 73.70 support and 76.80 resistance.