Brent oil price traded with clear positivity yesterday to reach few pips away from our waited target at 75.24$, showing some slight bearish bias, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the correctional bullish wave and surpass the mentioned level to open the way to head towards 76.68$ as a next main target.
Therefore, our bullish overview will remain valid for the upcoming period, noting that breaking 73.80$ will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 73.40$ support and 76.40$ resistance.
Trend forecast: Bullish
Origin: Economies
