Brent oil price did not show any strong move in the past days, to continue fluctuating around 55.00 level, keeping its stability above the main bullish channel’s support.
Therefore, the bullish trend scenario will remain valid as it is without any change unless breaking 54.65 level and holding with a daily close below it, reminding you that our main targets begin at 58.37 and extend to 60.00.
Expected trading range for today is between 54.00 support and 58.37 resistance.
Expected trend for today: Bullish
Origin: Economies
