Brent oil price fluctuates at the key support 73.90$, and as we mentioned yesterday, the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, which targets 75.36$ as a next station.
Stochastic shows positive signals that support the chances of resuming the rise in the upcoming sessions, besides the positive support provided by the EMA50, noting that breaking 73.90$ will stop the bullish trend and put the price under the negative pressure on the intraday basis.
The expected trading range for today is between 73.00$ support and 75.80$ resistance.
Trend forecast: Bullish
Origin: Economies
