Brent oil price rallied upwards yesterday to breach 76.80 and close the daily candlestick above it, to head to turn to rise and achieve gains that start at 77.80 and extend to 78.90.
Therefore, the bullish bias will be suggested for today, supported by the EMA50, organized inside the bullish channel that appears on the chart, taking into consideration that consolidating above 76.80 is important to continue the expected rise, as breaking it will reactivate the negative scenario and push the price to suffer new losses that start by visiting 75.15 areas.
The expected trading range for today is between 75.50 support and 78.80 resistance.
The expected trend for today: Bullish
Origin: Economies
