Brent oil price fluctuates at the main bullish channel’s support line, and as long as the price is above 70.90, our bullish overview will remain active, supported by the big oversold signals that appear through stochastic, waiting to resume the bullish trend that its targets begin by breaching 72.65 to ease the mission of heading towards our next target at 75.00.
The expected trading range for today is between 70.00 support and 73.50 resistance.
The expected trend for today: Bullish