Brent oil price started today with clear decline to attack 74.70 level and trades below it, noticing that the price leans on the support base that appears on the chart, and the EMA50 meets this support to add more strength to it, which supports the chaecns of resuming the main bullish wave, which targets 76.00 followed by 77.80 levels as next main stations.
Therefore, we will keep our bullish overview for the upcoming period unless breaking 74.15 and holding below it.
The expected trading range for today is between 73.30 support and 76.00 resistance.
The expected trend for today: Bullish
Origin: Economies
