Brent oil price traded with strong positivity yesterday to succeed achieving our waited target at 73.90$, and breached this level and settled above it to confirm the continuation of the bullish trend domination on the intraday basis, waiting to test 75.36$ as a next main target.
Therefore, the bullish trend will remain valid and active for the upcoming period, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 73.90$ will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 73.10$ support and 76.10$ resistance.
Trend forecast: Bullish
Origin: Economies
