Brent oil price kept its stability above 74.70 level after attempting to break it yesterday, and by taking a deeper lookg at the chart, we find that the price forms inverted head and shoulders’ pattern that its confirmation line located at 75.70, which means that breaching this level will provide strong positive motive that supports the chances of rallying towards our positive targets that start at 77.80.
Therefore, our bullish overview will remain valid and active for the upcoming period conditioned by the price stability above 74.70.
The expected trading range for today is between 74.30 support and 77.00 resistance.
The expected trend for today: Bullish
Origin: Economies
