Brent oil price provided calm positive trading moving away from the EMA50, reinforcing the positive scenario that depends on the organized trading within the main bullish channel that appears in the image, which gets positive support from the EMA50.
Therefore, we wait for more of the upside moves in the upcoming sessions, and the positive targets begin at 53.80 and extend to 55.75 after surpassing the previous level, pointing that holding above 47.85 represents the most important condition for achieving the suggested targets.
Expected trading range for today is between 48.70 support and 53.80 resistance.
Expected trend for today: Bullish
Origin: Economies
