Brent oil price faced strong negative pressure on last Friday to break 73.90$ and settle below it, but it opens today with clear rise to move above the mentioned level again, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 75.36$.
Breaching the mentioned level will extend the bullish wave to reach 76.84$ as a next positive station, while breaking 73.90$ will stop the bullish trend and push the price to turn to decline.
The expected trading range for today is between 73.00$ support and 76.00$ resistance.
Trend forecast: Bullish
Origin: Economies
