Brent oil price keeps providing the positive trading after confirming breaching 48.28 level yesterday, which supports the continuation of our bullish overview efficiently in the upcoming sessions, and the way is open to test 49.50 level, noting that breaching this level will push the price towards 50.72 direct.
Therefore, the bullish trend will remain dominant on the intraday and short term basis supported by the EMA50, noting that breaking 48.28 followed by 47.65 levels will push the price to test 46.78 level before attempting to regain the bullish track again.
Expected trading range for today is between 47.50 support and 51.00 resistance.
Expected trend for today: Bullish
Origin: Economies
