Brent oil price managed to achieve our waited targe tat 76.80 and settles there, and we suggest breaching this level to open the way to achieve additional gains that start at 77.75 and extend to 78.90.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, taking into consideration that failing to breach 76.80 will push the price to rebound bearishly and head to test 75.05 followed by 74.30 areas before any new attempt to rise.
The expected trading range for today is between 75.30 support and 78.50 resistance.
The expected trend for today: Bullish
Origin: Economies
