Brent oil price rallied upwards yesterday to breach 75.20 level and close the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, on its way to visit 77.70 level as a next main station.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50, noting that breaking 75.20 will stop the suggested positive scenario and press on the price to provide negative trades that target testing 72.70 areas initially.
The expected trading range for today is between 74.00 support and 77.00 resistance.
The expected trend for today: Bullish
Origin: Economies
