Oil price passes the first positive target

Hello everyone,Oil price is trying to confirm the breach of the descending channel resistance, to support the continuation of the expected bullish trend for today, whose targets start at 77.86, noting that breaching this level will extend the bullish wave to reach 79.32 as a next positive station.



On the other hand, it is necessary to note that breaking 76.35 and holding below it will return the price to the downward path, heading towards visiting the 74.81level mainly.


Resistance prices: 79.32 & 81.23 & 82.81
Support prices: 74.81 & 72.46 & 69.53

The general trend expected for today: bullish

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