Brent oil price bounced bearishly after testing 75.00 barrier yesterday, to approach the previously breached top that turns into support now at 73.58, noticing that stochastic got rid of its negativity and gained clear positive momentum on the four hours’ time frame.
Therefore, the chances are valid to resume the main bullish trend, organized inside the bullish channel’s that appear on the above chart, reminding you that our next main target is located at 77.60.
Expected trading range for today is between 73.00 support and 76.00 resistance.
Expected trend for today: Bullish
Origin: Economies
