Brent oil price managed to achieve our first waited target at 79.45 and bounced bearishly to approach testing the minor bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, to form positive motive that we are waiting to assist to push the price to rise again.
In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 76.95 level and holding below it, reminding you that our next target is located at 80.65.
Expected trading range for today is between 77.50 support and 80.65 resistance.
Origin: Economies
