Brent oil price bounced downwards strongly after approaching the first target at 79.60, to attack 77.44 level and attempt to break it, but it closed the daily candlestick above it, to keep the bullish trend scenario active for the upcoming period, waiting to head towards 79.60 followed by 81.00 levels as next main targets.
Stochastic provides positive signals now, waiting to motivate the price to resume the suggested bullish wave, which will remain valid unless breaking 77.44 and holding below it.
The expected trading range for today is between 76.50 support and 79.70 resistance.
The expected trend for today: Bullish
Origin: Economies
