Brent oil price attempted to break 71.20 level but it kept its stability above it, and resumes the positive trades to move away from this level, reinforcing the expectations of continuing the bullish trend, which gets positive motive through stochastic, waiting to visit 72.75 level initially.
Note that breaching the mentioned level will push the price to achieve additional gains that reach 73.50 followed by 74.65, while the price needs to hold above 71.20 to continue the suggested positive scenario.
The expected trading range for today is between 70.50 support and 73.50 resistance.
The expected trend for today: Bullish
Origin: Economies
