Brent oil price rallied bullishly yesterday after leaning on the symmetrical triangle’s support that appears on chart, which keeps the main bullish trend scenario valid and active for the upcoming period, which mainly depends on the stability above 46.76 level.
The price needs to breach 50.95 level to activate the positive effect of the mentioned triangle’s pattern, which will motivate the price to achieve good gains that its main targets begin at 52.83 and extend further towards 58.30.
Expected trading range for today is between 47.65 support and 51.00 resistance.
Expected trend for today: Bullish
Origin: Economies
