Brent oil price managed to surpass 71.00 barrier and settles above it now, waiting for more rise in the upcoming period, as our next target is located at 72.65, but the price might witness some temporary decline affected by stochastic negativity.
It is important that the price keeps its stability above 70.00 to continue the expected bullish trend, as breaking this level will force the price to decline towards 68.55 areas before any new positive attempt.
The expected trading range for today is between 70.00 support and 72.65 resistance.
The expected trend for today: Bullish
Origin: Economies
