Brent oil price couldn’t manage to hold for long time below 77.44, to trade with clear positivity now and head towards achieving expected gains on the intraday basis, and the price needs to breach 78.55 to confirm rallying towards 81.00 as a next main target.
Therefore, we expect to witness more rise in the upcoming sessions, supported by stochastic positivity, noting that breaking 77.44 will stop the positive scenario and push the price to decline again.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish
Origin: Economies
