Brent oil price rallied upwards yesterday to succeed touching our waited target at 73.90$, and we notice that the price is attempting to breach this level to support the chances of achieving more gains in the upcoming period, noting that confirming the breach will push the price towards 75.36$ as a next positive target.
Stochastic current negativity might hinder the mission to rise and cause temporary sideways trades before resuming the positive attempts, noting that breaking 73.00$ will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 72.60$ support and 75.60$ resistance.
Trend forecast: Bullish
Origin: Economies
