Brent oil price begins today’s trading with bearish bias to head towards potential test to the key support 76.47, reminding you that the price stability above this level keeps the bullish trend scenario valid on the intraday and short term basis, waiting to rebound bullishly to visit 80.48 level mainly.
We should note that breaking 76.47 will stop the expected rise and push the price to return to the correctional bearish track again, to start the negative targets by testing 74.00 level.
Expected trading range for today is between 76.00 support and 79.00 resistance.
Expected trend for today: Bullish
Origin: Economies
