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July 17th, Economies analysts’ latest opinion today: Brent crude oil prices have fallen sharply recently, falling below the 80.96 level and currently falling to 78.90, which forms a key support level for short-term trading.
It is worth noting that technical Indicators are now providing a clear bullish signal, which supports our view of a bullish rally ahead and the start of a new leg up.
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Therefore, we recommend maintaining a bullish bias today, waiting for another touch of 80.96, if the price breaks below 78.90, it will stop the expected rise and push the price further down.
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Today’s expected trading range is between 78.00 support and 80.96 resistance.
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