Brent oil price continues the sideways fluctuation between the trend keys mentioned yesterday, represented by 45.90 support and the resistance that rises now to 47.90, thus, our neutrality still valid until now, waiting to surpass one of these levels to detect the next targets clearly.
Breaking the mentioned support will confirm the continuation of the correctional bearish pressure on the short term basis to target 43.00 areas as a next main station, while breaching 47.90 will stop the negative pressure to push the price to recover and achieve gains that start at 50.25 and extend to reach the recently recorded top at 52.83.
Expected trading range for today is between 44.00 support and 50.25 resistance.
Expected trend for today: Neutral
Origin: Economies
