Brent oil price traded with strong negativity in the previous sessions, as it broke 80.96 level strongly and declined to reach 78.90 level now, which forms key support to the short-term trades, noticing that the technical indicators provide clear positive signals now, which encourages us to suggest bullish rebound in the upcoming sessions, to head towards starting new bullish wave on the intraday basis.
Therefore, the bullish bias will be suggested for today, waiting to visit 80.96 level again, taking into consideration that breaking 78.90 will stop the expected rise and push the price to turn to decline and achieve additional
The expected trading range for today is between 78.00 support and 80.96 resistance.
The expected trend for today: Bullish
Origin: Economies
