Brent oil price ended yesterday at 74.30 level, noticing that the price begins today with clear positivity to surpass this level and attempt to move away from it, which hints heading to recover and achieve intraday gains that start at 75.50 and extend to 76.80.
Therefore, we expect to witness more bullish bias in the upcoming sessions, supported by moving above the EMA50, taking into consideration that the continuation of the bullish wave depends on the price stability above 74.30.
The expected trading range for today is between 73.20 support and 76.50 resistance.
The expected trend for today: Bullish
Origin: Economies
