Brent oil price tested last week’s recorded top at 54.51 without managing to breach it until now, waiting to surpass this level to confirm opening the way to continue the main bullish wave that moves organized inside the bullish channel that appears on chart, supported by the EMA50 that carries the price from below.
Therefore, our positive overview will remain valid for the upcoming period conditioned by the price stability above 52.83 level, reminding you that our main targets begin at 55.09 and extend to 56.59.
Expected trading range for today is between 52.50 support and 56.00 resistance.
Expected trend for today: Bullish
Origin: Economies
