Brent oil price succeeded to hold above 53.62 level after attempting to break it yesterday, to resume its positive trading and settles above 54.00$ barrier, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, and the way is open to head towards our positive targets that begin at 55.00 and extend to 57.30.
The EMA50 continues to carry the price from below to support the expected rise, which its continuation conditions holding above 53.62 and the most important above 53.00.
Expected trading range for today is between 53.00 support and 56.30 resistance.
Expected trend for today: Bullish
Origin: Economies
