Brent oil price faced negative pressure yesterday and attempted to break 75.36$ level, but it managed to close the daily candlestick above it, to start today with clear rise and reinforce the expectations of continuing the bullish trend on the intraday basis, on its way to test 76.84$ as a next station, noting that breaching this level will extend the bullish wave to reach 78.66$ areas.
The technical indicators provide positive signals that support the expected rise, which will remain valid unless breaking 75.36$ and holding with a daily close below it.
The expected trading range for today is between 74.80$ support and 77.80$ resistance.
Trend forecast: Bullish
Origin: Economies
