Brent oil price rallied upwards yesterday to succeed achieving the second target at 76.84$, showing new bullish bias by today’s open to head towards breaching this level and open the way to continue the rise in the upcoming period, and we suggest achieving additional gains that extend to 78.00$ followed by 78.65$ as next positive stations.
Stochastic current negativity might hinder the mission to rise, noting that breaking 76.05$ will push the price to decline and test the key support base 75.36$ before any new attempt to rise.
The expected trading range for today is between 75.20$ support and 78.20$ resistance.
Trend forecast: Bullish
Origin: Economies
