Brent oil price continued to rise to breach 77.44 level and close the daily candlestick above it, to stop yesterday’s suggested negative scenario and head towards building new bullish wave on the intraday basis, targeting visiting 79.15 followed by 81.00 levels as next main stations.
Therefore, the bullish bias will be suggested for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 77.44 followed by 76.90 levels will stop the expected rise and push the price back to the main bearish track again.
The expected trading range for today is between 76.50 support and 79.50 resistance.
The expected trend for today: Bullish
Origin: Economies
