Brent oil price succeeded to achieve our waited target at 76.80, and closed the daily candlestick above it, to pave the way to achieve more gains in the upcoming sessions, to head towards visiting 78.90 areas as next main station.
Therefore, the bullish trend will remain valid and active, noting that stochastic negativity might hinder the mission to rise and cause some temporary sideways fluctuation before resuming the expected bullish wave, while breaking 76.80 and holding below it will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 75.50 support and 78.90 resistance.
The expected trend for today: Bullish
Origin: Economies
