The tight track continues to dominate Brent oil price trading, which keeps fluctuating around 46.76 level, to keep trading stuck between the trend confirmation levels represented by 45.90 support and 48.90 resistance, as the price needs to breach one of these levels to detect its next targets clearly.
Note that breaching the mentioned resistance will provide positive factor that allows the price to regain the main bullish trend that its next main target located at 52.83, while breaking 45.90 support represents the key to extend the correctional bearish wave for the rise measured from 27.09 to 52.83, to target 43.00 areas mainly.
Expected trading range for today is between 44.50 support and 49.00 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
