Brent oil price bounced upwards clearly after leaning on the bullish trend line that appears on the chart, to settle above 77.44 again, which keeps the bullish trend scenario active for the upcoming period, waiting to visit 81.00 mainly.
Stochastic loses its positive momentum clearly and might cause some temporary negative fluctuation, noting that breaking 77.44 followed by 76.65 levels will stop the expected bullish trend and push the price to turn to decline.
The expected trading range for today is between 76.60 support and 79.60 resistance.
The expected trend for today: Bullish
Origin: Economies
