Brent oil price approached our main waited target at 81.00, and bounced downwards strongly to reach the key support 77.44, noticing that the price begins today positively in attempt to move away from this level, which hints heading to resume the bullish wave again, waiting to test 81.00 mainly.
The technical indicators provide positive signals that support the suggested bullish wave, which will remain valid unless breaking 77.44 level and holding with a daily close below it.
The expected trading range for today is between 77.20 support and 80.30 resistance.
The expected trend for today: Bullish
Origin: Economies
