Brent oil price continued to rise to breach 75.36$ and close the daily candlestick above it, to confirm stopping the recently suggested negative scenario and turn to rise, to head towards achieving positive targets that start at 76.84$ and extend to 78.66$ after breaching the previous level.
Moving above the EMA50 supports the expected bullish trend, while breaking 75.36$ will stop the bullish rally and push the price to decline again.
The expected trading range for today is between 74.70$ support and 77.70$ resistance.
Trend forecast: Bullish
Origin: Economies
