Brent oil price faced strong negative pressure yesterday to attack 71.20 and attempts to break it, but it closed the daily candlestick above it, which keeps the chances valid to resume the bullish trend, which its targets begin by testing 72.75 and breaching it to rally towards 74.65 as a next positive target.
Therefore, we will continue to suggest the bullish trend unless breaking 71.20 – 70.85 levels and holding below them.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bullish
Origin: Economies
