Brent oil price managed to confirm breaching the bullish flag resistance mentioned in our recent reports after closing the daily candlestick above it, to get strong positive motive that reinforces the expectations of continuing the main bullish trend, which is organized inside the main bullish channel that appears on chart, supported by the EMA50 that keeps carrying the price from below.
Therefore, we believe that the way is open to achieve more gains in the upcoming sessions, and the next main target is located at 59.88, taking into consideration that breaking 54.20 might push the price to visit 52.80 and might extend to 51.70 before any new attempt to rise.
Expected trading range for today is between 54.00 support and 58.00 resistance.
Expected trend for today: Bullish
Origin: Economies
