Brent oil price succeeded to achieve our waited negative targets that reached 67.45 and bounced upwards clearly to breach 69.60 level and settles above it, starting today with additional rise to head towards achieving more expected bullish bias in the upcoming sessions, targeting testing 72.70 level initially.
Therefore, we expect to witness more rise today, motivated by stochastic positivity, noting that surpassing the targeted level will extend the bullish wave to reach 75.20, while the bullish bias will remain valid unless breaking 69.60 level and holding below it.
The expected trading range for today is between 69.20 support and 73.00 resistance.
The expected trend for today: Bullish
Origin: Economies
