The bullish channel’s support line managed to stop the negative pressure that brent oil price faced yesterday, to start providing positive trades now, and it attempts to surpass 74.70 that forms key intraday resistance, as breaching this level represents the key to rally towards achieving new gains that start by visiting 77.80 areas.
Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 74.00.
The expected trading range for today is between 73.50 support and 76.20 resistance.
The expected trend for today: Bullish
Origin: Economies
