Brent oil price rallied upwards strongly yesterday after leaning on 73.58 level, to keep the bullish trend scenario valid efficiently for the upcoming period, waiting to head towards the main bullish channel’s resistance at 77.45.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 73.58.
Expected trading range for today is between 74.00 support and 77.45 resistance.
Expected trend for today: Bullish
Origin: Economies
