Brent oil price ended yesterday with strong positivity, as it confirmed breaching 72.00$ to reinforce the expectations of achieving more bullish correction on the intraday basis, on its way to test 73.80$ as a next target, noting that breaching this level will extend the bullish wave towards 75.24$ direct.
The price needs to get positive momentum that assist to achieve the suggested targets, noting that the continuation of the bullish wave requires holding above 72.00$.
The expected trading range for today is between 71.30$ support and 74.30$ resistance.
Trend forecast: Bullish
Origin: Economies
