Brent oil price’s rallied upwards strongly yesterday to breach 74.30 level and settles above it, which stops the recently suggested negative scenario and lead the price to recover in the upcoming sessions, targeting visiting 75.35 followed by 76.80 levels as next main stations.
Holding above 74.30 is important to continue the expected bullish trend, as breaking it will put the price under the negative pressure again, to head towards achieving negative targets that start at 73.00.
The expected trading range for today is between 73.50 support and 76.60 resistance.
The expected trend for today: Bullish
Origin: Economies
