Brent oil price tested 74.70 level and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, which gets good support by the EMA50, to protect trading inside the bullish channel that has positive targets that reach 77.80.
Therefore, we will keep our bullish overview unless breaking 74.70 and holding with a daily close below it.
The expected trading range for today is between 73.70 support and 76.50 resistance.
The expected trend for today: Bullish
Origin: Economies
