Brent oil price recovered and breached 72.75 level to settle above it again, which supports the continuation of our bullish overview, which gets good support by the EMA50 and stochastic, waiting for more rise to visit 74.65 mainly.
It is important to note that breaking 72.75 and holding below it will stop the suggested positive scenario and press on the price to decline towards 71.20 areas initially.
The expected trading range for today is between 71.80 support and 74.70 resistance.
The expected trend for today: Bullish
Origin: Economies
