Brent oil price traded with clear positivity yesterday to surpass 79.00 barrier and settles above it, reinforcing the expectations of continuing the bullish trend on the intraday basis, reminding you that our waited targets begin at 80.30 followed by 81.00.
The EMA50 supports the price from below to reinforce the chances of continuing the suggested bullish bias, reminding you that breaking 77.44 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bullish
Origin: Economies
