Brent oil price found good resistance around 72.00 barrier, to show some bearish bias and approaches testing the EMA50 that forms good support base against the price, as it protects the continuation of the recently suggested positive scenario, waiting to resume the bullish bias to test 72.65 level initially.
Therefore, we will keep our bullish overview conditioned by the price stability above 70.80, noting that breaching 72.65 will extend the bullish wave to reach 75.10 as a next main station.
The expected trading range for today is between 70.50 support and 73.50 resistance.
The expected trend for today: Bullish
Origin: Economies
