Brent oil price ended yesterday above 77.44 level, to head towards achieving more expected rise on the intraday basis, waiting to visit 80.30 followed by 81.00 levels as next main targets.
The EMA50 supports the price from below to reinforce the positive overview, noting that breaking 77.44 will stop the bullish trend and push the price to resume the main bearish track again.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish
Origin: Economies
