Brent oil price ended yesterday at 77.75 level after the negative pressure that it faced in the previous sessions, starting today with bullish bias to move above this level and hint heading to resume the intraday bullish trend, waiting to test 78.90 as a next main target.
Therefore, we will keep the bullish trend overview, and breaching the mentioned level will extend the bullish wave to reach 79.70 areas, taking into consideration that failing to consolidate above 77.75 will put the price under negative pressure to decline towards 76.80 before any new attempt to rise.
The expected trading range for today is between 76.70 support and 80.00 resistance.
The expected trend for today: Bullish
Origin: Economies
