Brent oil price succeeded to achieve our next waited target at 73.25, showing sideways trading now affected by stochastic negativity that gets rid of its negative momentum gradually, waiting to motivate the price to resume the bullish trend in the upcoming sessions.
In general, we will continue to suggest the bullish trend on the intraday and short term basis, conditioned by the price stability above 70.80, noting that our next target extends to reach 76.75 after surpassing 73.45 barrier.
Expected trading range for today is between 71.00 support and 75.00 resistance.
Expected trend for today: Bullish
Origin: Economies
