Brent oil price shows negative trades by today’s open to test minor support base at 72.85, which represents the first protection factor to the continuation of the expected positive scenario for the upcoming period, which targets 74.70 level initially.
Until now, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 72.00 will stop the expected rise and press on the price to start intraday bearish correction.
The expected trading range for today is between 71.50 support and 74.50 resistance.
The expected trend for today: Bullish
Origin: Economies
