Brent oil price rallied upwards strongly yesterday and touched the first suggested positive target at 76.55, starting today with new bullish bias to trade inside the bullish channel that appears on the chart, which supports the continuation of the bullish trend on the intraday basis, and we expect to breach the mentioned level to head towards 78.00 as a next main target.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 75.30 and holding below it.
The expected trading range for today is between 74.60 support and 77.70 resistance.
The expected trend for today: Bullish
Origin: Economies
