Brent oil price fluctuates around 76.84$ and attempts to breach it, waiting to get positive momentum that assist to push the price to confirm the breach and rally towards 78.00$ followed by 78.65$ levels that represent our next positive targets.
Therefore, the bullish trend will remain valid and active for the upcoming period, taking into consideration that failing to confirm the required breach and declining to break 76.05$ will stop the bullish wave and put the price under negative pressure that its targets begin by testing 75.36$ level.
The expected trading range for today is between 75.20$ support and 78.20$ resistance.
Trend forecast: Bullish
Origin: Economies
