Brent oil price fluctuates at the minor bullish channel’s support line, and stochastic shows clear oversold signals, while the EMA50 keeps supporting the price from below.
Therefore, these factors encourage us to keep our bullish overview for today conditioned by the price stability above 76.95 level, noting that breaching 79.60 level will ease the mission of heading towards our main target at 80.65.
Expected trading range for today is between 77.50 support and 80.65 resistance.
Expected trend for today: Bullish