Brent oil price opens today negatively after finding solid resistance barrier at 79.00, to approach the key support 77.44, and the price needs to hold above this level to keep the bullish trend valid and active, reminding you that we are waiting to visit 79.60 followed by 81.00 levels as next main stations.
The EMA50 supports the suggested positive scenario, noting that breaking 77.44 will stop the expected rise and push the price to turn to decline and return to the main bearish channel that appears on the chart.
The expected trading range for today is between 76.50 support and 79.50 resistance.
The expected trend for today: Bullish
Origin: Economies
