Brent oil price resumes its positive trading to begin testing 72.00$ barrier now, reinforcing the expectations of the continuation of the bullish trend on the intraday and short term basis, which its initial target located at 72.65, pointing that breaching this level will extend the gain to 75.10 as a next target.
The EMA50 keeps supporting the price from below, to reinforce the chances for extending the bullish wave on the short term basis, being aware that holding above 70.65 is important for the continuation of the expected rise for today.
The expected trading range for today is between 70.65 support and 74.00 resistance.
The expected trend for today: Bullish
Origin: Economies
