Brent oil price begins today with bullish bias to move away from 76.80 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, paving the way to achieve positive targets that start at 77.70 and extend to 78.90.
Stochastic provides positive signals that support the expected rise, taking into consideration that breaking 78.80 followed by 76.35 levels will stop the suggested bullish wave and push the price to return to the bearish channel that appears on the chart, to head towards visiting 74.30 areas on the near term basis.
The expected trading range for today is between 75.50 support and 79.00 resistance.
The expected trend for today: Bullish
Origin: Economies
