Brent oil price started to rise yesterday after tight sideways fluctuation in the past days, on its way to visit 58.37 that represents our next main target, to keep the bullish trend valid and organized inside the main bullish channel that appears on chart.
The EMA50 supports the continuation of rising in the upcoming sessions, waiting to breach the above mentioned level to open the way to head towards 60.00$ per barrel barrier, taking into consideration that the continuation of the suggested bullish trend depends on the stability above 54.45 level.
Expected trading range for today is between 55.00 support and 59.00 resistance.
Expected trend for today: Bullish
Origin: Economies
