Brent oil price breached 77.44 level clearly and settled above it, to activate the bullish trend scenario on the intraday basis and head towards achieving positive targets that reach 81.00 areas.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 77.44 will stop the expected rise and put the price under the negative pressure again.
The expected trading range for today is between 77.50 support and 80.50 resistance.
The expected trend for today: Bullish
Origin: Economies
