Brent oil price managed to breach 78.50 level and close the daily candlestick above it, reinforcing the expectations of continuing the correctional bullish trend, paving the way to head towards our next target that reaches 80.50.
The EMA50 continues to support the price from below to reinforce the expectations of achieving more gains in the upcoming sessions, being aware that breaking 78.50 and holding below it will stop the expected rise and press on the price to decline towards 76.55 areas initially.
The expected trading range for today is between 77.30 support and 80.50 resistance.
The expected trend for today: Bullish
Origin: Economies
