Brent oil price rallied upwards strongly yesterday to surpass our first target at 78.66$ and reach the second suggested target at 80.00$, and we suggest the continuation of the bullish bias to achieve additional gains to reach the recently recorded high at 81.61$ as a next main target.
Therefore, the bullish trend scenario will remain active, it might be preceded by some sideways fluctuation affected by stochastic negativity, taking into consideration that the continuation of the bullish wave requires holding above 78.66$.
The expected trading range for today is between 78.20$ support and 81.20$ resistance.
Trend forecast: Bullish
Origin: Economies
