Brent oil price continues to attempt to breach 78.20 level within managing to hold above it, and the EMA50 continues to support the price from below, to keep the chances valid to continue the bullish trend in the upcoming sessions, noting that our next main target is located at 80.48.
In general, we will continue to suggest the bullish trend unless breaking 76.47 level and holding below it, depending on the organized trading inside the main bullish channel that appears on the chart.
Expected trading range for today is between 76.47 support and 80.00 resistance.
Expected trend for today: Bullish
Origin: Economies
