Brent oil price managed to reach our second target at 52.22 and settles around it, noticing that the price begins today with slight bullish bias that hints resuming the main bullish trend, waiting to breach 52.50 to confirm the extension of the bullish wave and head towards the previously recorded top at 54.65.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, taking into consideration that holding above 52.22 represents the first condition to continue the bullish bias for today, noting that breaking this level might force the price to visit 50.72 again before any new positive attempt.
Expected trading range for today is between 51.00 support and 54.65 resistance.
Expected trend for today: Bullish
Origin: Economies
