Brent oil price tested the key support 54.17 yesterday and kept its stability above it, to rebound bullishly in attempt to resume the main bullish trend, supported by stochastic besides the EMA50 positivity.
Therefore, these factors encourage us to keep suggesting the bullish trend in the upcoming sessions, organized inside the main bullish channel that appears on chart, reminding you that our main targets begin at 57.46 and extend to 59.88, while the price needs to hold above 54.17 to achieve the suggested targets.
Expected trading range for today is between 53.00 support and 57.46 resistance.
Expected trend for today: Bullish
Origin: Economies
