Brent oil price found solid support at 72.70 and couldn’t manage to break it, to trade positively and completes forming falling wedge pattern that its signs appear on the chart, which forms positive motive that we expect to push the price to regain the bullish track again, and the price needs to breach 75.20 to confirm the continuation of the rise and head towards 77.70 as a next positive target.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 72.70 and holding below it.
The expected trading range for today is between 73.00 support and 76.20 resistance.
The expected trend for today: Bullish
Origin: Economies
