Brent oil price provide positive trading yesterday to attempt to breach 57.00 level without managing to hold above it until now, noticing that the price continues to fluctuate near the mentioned level in attempt to confirm the breach followed by opening the way to head towards our next main target at 59.88.
In general, we will continue to suggest the bullish trend that moves organized inside the bullish channel that appears on chart, supported by the EMA50, taking into consideration that the continuation of the expected rise mainly depends on the stability above 55.30.
Expected trading range for today is between 55.30 support and 59.00 resistance.
Expected trend for today: Bullish
Origin: Economies
