Brent oil price managed to rally bullishly to breach 48.28 level and close the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards our positive targets that start at 49.50 and extend to 50.72.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 46.78 followed by 46.41 levels and holding below them, as breaking this level will push the price to return to resume the main bearish trend again, which its next target located at 44.35.
Expected trading range for today is between 47.00 support and 50.72 resistance.
Expected trend for today: Bullish
Origin: Economies
