Brent oil price bounced bearishly after testing 79.00 areas, to fluctuate at the key support 77.44 again, noticing that stochastic gains the positive momentum clearly, waiting to motivate the price to resume the expected bullish wave on the intraday basis, which targets 81.00 mainly.
On the other hand, we should note that breaking 77.44 followed by 77.10 levels will stop the expected rise and push the price to turn to decline, to head towards building bearish wave that its first main target located at 75.20.
The expected trading range for today is between 76.60 support and 79.50 resistance.
The expected trend for today: Bullish
Origin: Economies
