Brent oil price succeeded to touch our waited target at 76.68$ and bounced downwards strongly from there, to attack 75.24$ level, noticing that the price ended yesterday above this level, to keep the chances valid to continue the expected bullish trend on the intraday basis, waiting to test 76.68$ again, reminding you that surpassing this level will push the price towards 77.65$ followed by 78.47$ levels as next main targets.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 75.24$.
The expected trading range for today is between 74.00$ support and 77.00$ resistance.
Trend forecast: Bullish
Origin: Economies
