Brent oil price traded with clear positivity yesterday, as it surpassed the bearish channel’s resistance and rallied upwards to head towards potential test to 76.80 level, making the bullish bias suggested for the upcoming sessions.
Breaching 75.95 will ease the mission of achieving more gains and head towards the above mentioned targets, while failing to surpass this level will push the price to rebound bearishly and attempt to resume the bearish wave and test 74.30 level initially.
The expected trading range for today is between 74.20 support and 77.00 resistance.
The expected trend for today: Bullish
Origin: Economies
