Brent oil price managed to build support base above 75.20 after confirming breaching it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to visit 77.70 that represents our next positive station.
The EMA50 continues to support the suggested bullish wave, which its continuation requires holding above 75.20.
The expected trading range for today is between 74.70 support and 78.00 resistance.
The expected trend for today: Bullish
Origin: Economies
