Technicals: Brent oil may fall into $70.53-$71.91 range
TECHNICALS-Brent oil may fall into $70.53-$71.91 range SINGAPORE, June 25 (Reuters) - Brent crude LCOc1 may keep falling into a range of $70.53 to $71.91 per barrel.
A series of projection levels on the downtrend from $109.69 continues to control the downtrend.
No sign of a bottom level yet.
Initial resistance at $74.14, followed by $75.52 and $76.63 levels.
* Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are exclusively published on the Workspace platform - a London Stock Exchange product.
** No information in this analysis should be considered as being business, financial, or legal advice. Each reader should consult his or her own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses.
(Reporting by Wang Tao; Editing by Sherry Jacob-Phillips)
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