Brent oil price still confined within the sideways range that its lines represented by 72.06$ support and 73.90$ resistance, and the price needs to surpass one of these levels to detect its next targets clearly, to continue suggesting the sideways move until now.
Breaching the mentioned resistance will lead the price to build bullish wave that targets 75.36$ levels initially, while breaking the support will put the price under negative pressure that its next targets located at 71.00$ followed by 70.00$.
The expected trading range for today is between 71.50$ support and 74.50$ resistance.
Trend forecast: Sideways
Origin: Economies
