Brent oil price managed to breach 75.36$ level and closed the daily candlestick above it, to support the expectations of continuing the bullish trend on the intraday basis, paving the way to head towards our next positive target at 76.84$.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish wave, noting that failing to consolidate above 75.36$ will stop the bullish wave and push the price to decline towards 73.90$ areas initially.
The expected trading range for today is between 74.20$ support and 77.20$ resistance.
Trend forecast: Bullish
Origin: Economies
