Brent oil price succeeded to breach 73.90$ and hold with a daily close above it, reinforcing the expectations of continuing the bullish trend efficiently for the upcoming period, and the way is open to visit 75.36$ that represents our next main target.
The EMA50 supports the price from below to add more confirmation to the continuation of the suggested bullish wave, noting that breaking 73.90$ and holding below it will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 73.20$ support and 76.20$ resistance.
Trend forecast: Bullish
Origin: Economies
