Brent oil price leaned well on the EMA50 and begins providing positive attempts now, to keep the bullish trend scenario active on the intraday and short term basis, which its targets begin by surpassing 73.20 barrier to confirm rallying towards 75.60 on the near term basis.
Holding above 71.70 is important to continue the suggested bullish wave, as breaking it will put the price under negative pressure that targets visiting 70.45 initially before any new positive attempt.
The expected trading range for today is between 71.00 support and 74.00 resistance.
The expected trend for today: Bullish
Origin: Economies
