Brent oil price keeps its stability above the key support 54.17, noticing that the price drew bullish pennant pattern show on image, which supports the continuation of the bullish trends scenario efficiently in the upcoming period, and the price needs to breach 55.35 level to confirm completing the mentioned pattern followed by motivating the price to continue achieving the gains.
Therefore, we will keep our bullish overview on the short term and medium term basis, and the main targets begin at 57.46 and extend to 59.88, noting that breaking 54.17 might push the price to visit 52.14 before any new positive attempt.
Expected trading range for today is between 54.17 support and 57.46 resistance.
Expected trend for today: Bullish
Origin: Economies
