Technicals: Brent oil may fall into $74.14-$75.52 range
TECHNICALS-Brent oil may fall into $74.14-$75.52 range SINGAPORE, June 24 (Reuters) - Brent crude LCOc1 may break support at $76.63 per barrel and drop into the $74.14-$75.52 range.
A series of projection levels on the downtrend from $109.69 continues to control it.
The market may succeed in its fourth attempt to break support.
Resistance at $77.75. A break may lead to a gain of $79.13.
* 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 Rashmi Aich)
((wang.tao@tr.com; +65 6973 8364/9188 4196 (Whatsapp))
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