Brent oil price breached 72.75 level strongly and settled above it, which leads the price to continue the rise on the intraday and short term basis, on its way to achieve new rises that target 74.70 followed by 76.00 levels as initial positive stations.
Therefore, we expect to witness more bullish bias in the upcoming sessions conditioned by the price stability above 72.75.
The expected trading range for today is between 72.00 support and 75.00 resistance.
The expected trend for today: Bullish
Origin: Economies
