Brent oil price rallied upwards yesterday to approach our waited target at 79.45, reinforcing our expectations of achieving more gains in the upcoming period, noting that breaching the mentioned level will extend the bullish wave to reach 80.65.
Stochastic current negativity might force the price to provide some temporary sidways trading before resuming the expected rise, which its continuation conditions holding above 76.95.
Expected trading range for today is between 77.50 support and 80.65 resistance.
Origin: Economies
