Brent oil price traded with clear positivity yesterday to breach 72.65 and settles above it, which activates the bullish trend scenario on the intraday and short term basis, supported by moving above the EMA50, waiting to visit 75.60 level as a next main station.
Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 72.65 followed by 71.35 levels will stop the suggested rise and press on the price to decline again.
The expected trading range for today is between 71.00 support and 75.00 resistance.
The expected trend for today: Bullish
Origin: Economies
