Brent oil price rallied upwards strongly in the previous sessions to breach 74.70 and settles above it, which leads the price to resume the main bullish trend again and stop the recent bearish correction, expecting to continue the bullish bias to head towards 77.80 areas initially.
Therefore, the bullish trend will be expected in the upcoming sessions, noting that breaking 74.70 will stop the positive scenario and put the price under the correctional bearish pressure again.
The expected trading range for today is between 74.50 support and 77.00 resistance.
The expected trend for today: Bullish
Origin: Economies
