Brent oil price traded with strong positivity yesterday, as it breached 76.68$ level and reached the extended positive target at 78.47$, and we believe that the way is open to continue the rise after turning back to the bullish channel that appears on the chart, to head towards visiting 79.90$ level as a next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to breach 78.47$ will push the price to rebound bearishly and head to test 76.68$ areas before any new attempt to rise.
The expected trading range for today is between 77.00$ support and 80.00$ resistance.
Trend forecast: Bullish
Origin: Economies
