Brent oil price traded with clear positivity yesterday to test 78.00$ barrier, reinforcing the expectations of achieving more gains on the intraday and short term basis, reminding you that we are waiting to visit 80.48 level that represents our next main station.
Stochastic begins to get rid of its negativity and gain the positive momentum on the four hours’ time frame, waiting to motivate the price to continue the expected rise, which its continuation conditions holding above 76.47.
Expected trading range for today is between 76.00 support and 79.00 resistance.
Expected trend for today: Bullish
Origin: Economies
