Brent oil price provided negative trading in the previous sessions to reach the key support 76.95 now, accompanied by witnessing clear oversold signals through stochastic, while the EMA50 keeps providing the positive support to the price.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 76.95, as breaking this level will push the price to start bearish correction on the intraday basis, while our next main target is located at 79.40.
Expected trading range for today is between 76.00 support and 79.40 resistance.
Origin: Economies
