Brent oil price traded with clear positivity in the last sessions to approach from our first main waited target at 57.15, to keep the bullish trend valid in the upcoming period, organized within the main bullish channel that appears in the image, pointing that breaching the mentioned level will push the price towards 58.37 directly.
We should be aware that holding above 55.75 represents an important conditioned for the expected rise, where breaking it will push the price to head towards 52.45 then 50.98 levels before any new attempt to resume the main bullish trend.
Expected trading range for today is between 55.00 support and 59.00 resistance.
Expected trend for today: Bullish
Origin: Economies
