Brent oil price managed to breach the resistance line that appears on chart and settles above it, which supports the continuation of the expected bullish trend for the upcoming period, and the way is open to test 53.62 level that represents our first main target, waiting to breach this level to confirm extending the bullish wave towards 55.25.
Therefore, the bullish trend will remain dominant on the intraday and short term basis unles breaking 51.43 level and holding below it.
Expected trading range for today is between 51.43 support and 55.00 resistance.
Expected trend for today: Bullish
Origin: Economies
