Brent oil price provided additional positive trades yesterday to approach the second target as 76.84$, but it faces negative pressures to test the key support 75.36$ now, and the price needs to consolidate above this level to keep the bullish trend active for the upcoming period, as breaking it will push the price to turn to decline and build bearish wave that its first target reaches 73.90$.
Stochastic attempts to gather the positive momentum to support the chances of resuming the expected bullish trend, noting that the targets begin at 76.84$ and extend to 78.00$ after breaching the previous level.
The expected trading range for today is between 74.20$ support and 77.20$ resistance.
Trend forecast: Bullish
Origin: Economies
