Brent oil price rallied upwards strongly to attack 78.95 and attempts to hold above it, which leads the price to resume the main bullish trend again, organized inside the bullish channel that appears on the chart, waiting to test 79.90 level initially.
Breaching the mentioned level will push the price to head towards 82.00 areas as a next main station, taking into consideration that breaking 78.55 will stop the suggested rise and press on the price to test 76.30 areas before any new attempt to rise.
The expected trading range for today is between 77.60 support and 80.50 resistance.
The expected trend for today: Bullish
Origin: Economies
