Brent oil price traded with clear negativity yesterday to approach from covering the gap that appeared by this week opening, noticing that stochastic gets rid of its negativity to reach the thresholds of the oversold areas, forming positive motive that we are waiting to assist to push the price to continue the main bullish trend again.
In general, we will continue to suggest the bullish trend for today unless breaking 55.30 level and holding below it, reminding you that breaking this level will push the price to retest 52.83 areas before any new positive attempt, noting that the next main target of the current bullish wave is located at 59.88.
Expected trading range for today is between 54.00 support and 58.00 resistance.
Expected trend for today: Bullish
Origin: Economies
