Brent oil price bounced upwards clearly after testing 73.90$ in the previous sessions, to start attacking 75.36$ and hint heading to continue the rise on the intraday and short-term basis, paving the way to visit 76.84$ as a next positive target.
Therefore, the bullish trend will remain valid and active, and breaching the targeted level will push the price to achieve additional gains that reach 78.66$, while holding above 73.90$ represents the most important condition to the continuation of the expected rise.
The expected trading range for today is between 74.60$ support and 77.60$ resistance.
Trend forecast: Bullish
Origin: Economies
