Brent oil price bounced upwards clearly after testing 78.80$ level in the previous sessions, to keep the bullish trend valid and active for the upcoming period, waiting to test 80.65$ level as a next main station, which breaching it represents the key to rally towards 82.15$ as a next main target.
Moving above the EMA50 supports the continuation of the expected bullish wave, while breaking 78.80$ represents negative factor that will push the price to return to the main bearish track again.
The expected trading range for today is between 78.70$ support and 81.70$ resistance.
Trend forecast: Bullish
Origin: Economies
