Brent oil price provided negative trades yesterday to attack the intraday bullish channel’s support line, and attempts to consolidate above this support, to keep the chances valid to resume the bullish trend, which targets 72.20 followed by 73.60 levels as next main stations.
Stochastic and the EMA50 provide positive signals that support the expected rise, which will remain valid unless breaking 70.65 and holding below it.
The expected trading range for today is between 70.20 support and 73.00 resistance.
The expected trend for today: Bullish
Origin: Economies
