Brent oil price attempted to break 73.80$ level but it kept its stability above it, to keep the bullish trend valid and active, starting today positively to head towards testing 75.24$ initially, waiting to surpass this level to confirm extending the correctional bullish wave and target 76.68$ as a next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 73.80$ will put the price under new negative pressure that its targets begin by visiting 72.00$ areas.
The expected trading range for today is between 73.20$ support and 76.20$ resistance.
Trend forecast: Bullish
Origin: Economies
