Brent oil price couldn’t manage to break 72.06$ level, to provide positive trades by today’s open and head towards achieving expected gains in the upcoming sessions, on its way to visit 73.90$ as a first station.
Therefore, we expect to witness more rise today, and breaching the targeted level will extend the bullish wave to reach 75.36$ areas, while breaking 72.06$ will stop the bullish trend and push the price to start bearish wave that targets 71.15$ followed by 70.00$ levels initially.
The expected trading range for today is between 71.70$ support and 73.70$ resistance.
Trend forecast: Bullish
Origin: Economies
