Brent oil price traded with clear positivity to breach 77.05$ and attempt to hold above it, which leads that price to achieve expected gains on the intraday basis, targeting visiting 78.40$ as a next positive station.
Breaching the minor resistance at 77.45$ will ease the mission to rally towards the suggested target, while breaking 77.05$ will stop the bullish bias and push the price to return to the correctional bearish track again.
The expected trading range for today is between 76.00$ support and 79.00$ resistance.
Trend forecast: Bullish
Origin: Economies
