Brent oil price shows some bearish bias to head towards potential test to the key support 76.80, affected by stochastic negativity, noticing that the EMA50 meets the mentioned support to add more strength to it, to keep the chances valid to continue the expected bullish trend for today, which its first target located at 78.90.
We remind you that breaking 76.80 will stop the suggested bullish wave and push the price to turn to decline and head towards 74.30 areas mainly.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish