Brent oil price rallied upwards strongly to breach 69.60 level and approach the first positive station at 72.70, and we prefer to stay aside temporarily until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.
Note that the continuation of the rise and breaching 72.70 resistance will lead the price to achieve additional gains that reach 75.20, while breaking 69.60 support will press on the price to decline again and head towards 64.60 areas as a next main station.
The expected trading range for today is between 70.00 support and 72.70 resistance.
The expected trend for today: Neutral