Brent oil price shows some slight bearish bias after facing solid resistance that appears on the chart, thus, the price needs to breach 78.20 level to ease the mission of continuing the main bullish trend, which its next target located at 80.48.
Until now, the bullish trend scenario will remain active unless breaking 76.47 level and holding below it, noting that the EMA50 keeps supporting the suggested bullish wave.
Expected trading range for today is between 76.47 support and 79.50 resistance.
Expected trend for today: Bullish
Origin: Economies
