Brent oil price breached 73.90$ level strongly to confirm the continuation of the bullish trend domination in the upcoming period, waiting to test 75.36$ that represents the next main target, noting that breaching it will open the way to achieve additional gains that extend to 76.85$.
Stochastic current negativity might cause some temporary sideways fluctuation and might head to test the support base formed at 73.90$ before turning back to rise again, taking into consideration that the continuation of the bullish wave requires holding above this support line.
The expected trading range for today is between 73.10$ support and 76.10$ resistance.
Trend forecast: Bullish
Origin: Economies
