Brent oil price managed to breach 70.00 level and settled above it, which supports the continuation of our bullish overview efficiently in the upcoming period, opening the way to continue the bullish bias to visit 72.65 level that represents our next main target.
Therefore, we are waiting for more rise supported by the EMA50, noting that holding above 70.00 represents the first condition to continue the suggested bullish wave.
The expected trading range for today is between 69.50 support and 72.65 resistance.
The expected trend for today: Bullish
Origin: Economies
