Brent oil price managed to achieve our first target at 78.00 and settles there, noticing that stochastic reaches the oversold areas now, to form positive motive that we expect to assist to push the price to resume the main bullish trend, which its next target located at 80.48.
Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50 that carries the price from below, reminding you that it is important to hold above 76.47 to continue the expected rise.
Expected trading range for today is between 76.47 support and 80.00 resistance.
Expected trend for today: Bullish
Origin: Economies
