Brent oil price continues to fluctuate inside the bullish pennant mentioned yesterday, and we are still waiting to breach its resistance line at 49.05 to motivate the price to resume the main bullish trend, thus, the bullish trend scenario will remain valid until now, unless the price witnessed clear break and hold below 48.10.
The waited positive targets start by breaching 50.10 level to confirm opening the way to head towards 52.83 level that represents the next main target of the current bullish wave.
Expected trading range for today is between 47.00 support and 51.00 resistance.
Expected trend for today: Bullish
Origin: Economies
