Brent oil price finds difficulty to confirm surpassing 73.90$ level, and provided temporary negative trades yesterday, noticing that the price returns to fluctuate around the mentioned level, waiting to breach this level to confirm the continuation of the bullish wave and achieve new positive targets that reach 75.36$.
The EMA50 supports the suggested bullish wave, noting that breaking 73.25$ will put the price under additional negative pressure to head towards testing 72.06$ direct.
The expected trading range for today is between 72.30$ support and 75.30$ resistance.
Trend forecast: Bullish
Origin: Economies
