Brent oil price ended yesterday with clear positivity to breach 77.44 and settles above it, which leads the price to start recovery attempts and open the way to achieve gains that start at 79.75 and extend to 81.00.
Therefore, the bullish bias will be expected for today, supported by stochastic positivity, taking into consideration that breaking 77.44 will stop the bullish wave and push the price to resume the bearish track again.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish
Origin: Economies
