Brent oil price resumes its positive trades to reach 74.00$ barrier, which supports the expectations of achieving more gains on the intraday and short term basis, noting that our next target is located at 74.70, which breaching it represents the key to extend the bullish wave to reach 75.60.
The EMA50 continues to support the expected bullish trend, which will remain valid conditioned by the price stability above 72.75.
The expected trading range for today is between 72.50 support and 75.30 resistance.
The expected trend for today: Bullish
Origin: Economies
