Brent oil price traded with strong negativity yesterday to test the key support 73.58, but it bounced upwards strongly from there to surpass 77.00$ barrier and approaches 78.00 level, which supports the continuation of the overall bullish trend scenario, which its extended target located at 78.90.
Therefore, we are waiting for more rise today supported by the EMA50, conditioned by the price stability above 73.58.
Expected trading range for today is between 76.00 support and 79.00 resistance.
Origin: Economies
