Technical analysis: Brent maintains bullish outlook

July 10th, Economies analysts’ latest opinion today: Brent crude oil price broke through the first target of 77.75 and remained above it, strengthening the expectation of continued bullishness, and the next target is 78.90.

Negative pressure today comes from stochastics, if price stabilizes above 77.75, more upside ahead; a break below this would push price to test 76.80 between fresh up attempts.

Today’s trading range is expected to be between 76.20-79.80.