Brent oil price tested the key support 71.36 and kept its stability above it, as the EMA50 met this level to add more strength to it, and the price begins today’s trading with bullish bias that hints resuming the main bullish trend.
Therefore, we will keep our bullish overview unless breaking 71.36 level and holding below it, and the price is organized inside an intraday bullish channel that supports the chances of heading towards 74.40 followed by 77.30 levels as next main targets.
Expected trading range for today is between 71.00 support and 74.20 resistance.
Expected trend for today: Bullish
Origin: Economies
