Brent oil price managed to touch our first waited target at 75.50 and settles near it, waiting to get positive motive that assist to push the price to resume the bullish wave that its next target located at 76.80.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which depends on the price stability above 74.30, noting that surpassing the mentioned target will lead the price to achieve additional gains that reach 77.75 followed by 78.90 areas on the near term basis.
The expected trading range for today is between 74.00 support and 77.00 resistance.
The expected trend for today: Bullish
Origin: Economies
