Brent oil price rallied upwards strongly to succeed achieving our waited target at 72.75, and breached it to close the daily candlestick above it, confirming the extension of the bullish wave on the intraday and short term basis, paving the way to head towards 74.65 that represents our next target.
Therefore, the bullish bias will remain dominant in the upcoming sessions, noting that breaking 72.75 will stop the expected rise and press on the price to head towards testing 71.20 areas again before any new attempt to rise.
The expected trading range for today is between 71.50 support and 74.70 resistance.
The expected trend for today: Bullish
Origin: Economies
