Brent oil price breached 72.00$ and settled above it again, to start recovery attempts on the intraday basis, on its way to visit 73.80$ as a first positive target, which breaching it represents the key to achieve additional bullish correction that targets 75.24$ as a next station.
Therefore, the bullish bias will be suggested for the upcoming sessions, it might be preceded by some sideways fluctuation affected by the stochastic negativity, noting that breaking 72.00$ will turn the intraday track to decline.
The expected trading range for today is between 71.40$ support and 74.40$ resistance.
Trend forecast: Bullish
Origin: Economies
