Brent oil price managed to touch 73.90$ level and found solid resistance there, waiting to get positive motive that assist to push the price to breach this level followed by rallying towards our next positive target at 75.36$.
Moving above the EMA50 supports the expected rise, while breaking 72.90$ will push the price to suffer intraday losses and test the key support 72.06$ before any new positive attempt.
The expected trading range for today is between 72.20$ support and 75.20$ resistance.
Trend forecast: Bullish
Origin: Economies
