Brent oil price keeps rising strongly to approach our main target at 78.95, getting continuous support by the EMA50, noting that breaching the mentioned level will push the price towards 80.00 direct.
We should note that failing to breach 78.95 might force the price to reound bearishly to start bearish correction that targets 74.93 followed by 72.75 levels as first stations.
Expected trading range for today is between 77.00 support and 80.00 resistance.
Origin: Economies
