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Brent oil price provided additional negative trades yesterday to attack 75.90 level, but it closed the daily candlestick above it, to start today with new positivity in attempt to resume the expected bullish trend on the intraday basis, motivated by the positive overlapping signal provided by stochastic now.
Therefore, we will keep our bullish overview for the upcoming period, and the targets begin by breaching 76.80 to confirm opening the way to head towards 78.90, noting that breaking 75.90 and holding below it will put the price under additional negative pressure that targets testing 74.30 areas before any new attempt to rise.
The expected trading range for today is between 75.30 support and 78.30 resistance.
The expected trend for today: Bullish
Origin: Economies
