Brent oil price found solid resistance at 73.90$, to rebound bearishly and test the EMA50 that forms good support against the price at 73.10$, noting that the price needs to hold above this level to keep the bullish trend active, as breaking it will push the price to test 72.06$ areas before any new attempt to rise.
Therefore, the overall positive scenario will remain active, noting that the waited targets start by breaching 73.90$ to open the way to head towards 75.36$.
The expected trading range for today is between 72.00$ support and 75.00$ resistance.
Trend forecast: Bullish
Origin: Economies
