Brent oil price pushes negatively on the key support 47.49 and attempts to hold below it, which urges caution from the upcoming trading, as breaking this level represents the key to stop the positive scenario suggested in our previous report followed by pushing the price to suffer more losses that reach to 46.35 as a next station.
Now, the price needs to trade above 47.49 again to manage to recover followed by resuming the bullish trend trip that its targets begin at 48.91 and extend to 51.20.
Expected trading range for today is between 46.00 support and 49.70 resistance.
Expected trend for today: Bullish
Origin: Economies
