Brent oil price tested 74.70 level and bounced upwards quickly from there, which keeps our bullish overview valid for the upcoming period, waiting to resume the positive trades that target 77.80 as a next main station.
Holding above 74.70 is important to continue the suggested bullish wave, as breaking it will press on the price to decline towards 73.35 and might extend to 72.75 before any new attempt to rise.
The expected trading range for today is between 74.30 support and 77.00 resistance.
The expected trend for today: Bullish
Origin: Economies
