Brent oil price continued its rise yesterday to move away from the key support base that declines now to 47.70, getting continuous positive support by the EMA50, to keep the chances valid to continue the bullish trend in the upcoming sessions.
Therefore, the bullish trend scenario will remain valid and active on the short term basis conditioned by the price stability above 47.70 and 46.76 levels, noting that the next main station is located at 52.83.
Expected trading range for today is between 47.00 support and 51.00 resistance.
Expected trend for today: Bullish
Origin: Economies
