Brent oil price traded with clear negativity yesterday’s evening to approach from 54.00$ per barrel barrier, while it begins today positively, providing signals to head towards turning back to the main bullish trend again after the mentioned temporary decline, which encourages us to continue suggesting the bullish trend in the upcoming period, which gets continuous positive support by the EMA50.
Therefore, we are waiting to head towards 56.59 that represents the next main target of the current bullish wave, reminding you that it is important to hold above 52.83 to continue the expected rise.
Expected trading range for today is between 53.00 support and 56.59 resistance.
Expected trend for today: Bullish
Origin: Economies
