Technical analysis: Brent crude oil price fell below the target level on July 18th

July 18th, Economies analysts’ latest views today: Brent crude oil prices fell sharply yesterday, falling below 78.90, confirming a further downward trend and moving towards the goals of 77.70 and 76.80.

Therefore, we will maintain a bearish tendency within the day, and the price may be positively affected by technical indicators and try to rise. It needs to be considered that if the price breaks through 78.90 and remains above it, the disk will stop falling and guide the price to try to build a new bullish trend .

Today’s expected trading range is between 76.00 support and 80.00 resistance.