Brent oil price rallied upwards to succeed breaching the neckline of the inverted head and shoulders’ pattern and actives its positive effect, which supports the continuation of our bullish overview efficiently in the upcoming period, opening the way to head towards 77.80 that represents our next station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 75.65 might press on the price to test 74.70 areas before any new attempt to rise.
The expected trading range for today is between 75.00 support and 78.00 resistance.
The expected trend for today: Bullish
Origin: Economies
