Brent oil price shows bullish bias to move away from the key support 78.05, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 80.48 level as a next main station, noting that the EMA50 supports the suggested bullish wave, which its continuation conditions holding above 78.05.
Expected trading range for today is between 77.00 support and 80.00 resistance.
Expected trend for today: Bullish