Brent oil price traded with strong positivity yesterday to breach 65.40 level and touch the first positive target at 66.54 direct, as trades settle at this level, noticing that the price moves within intraday bullish channel that appears on the chart, which supports the chances of continuing the rise in the upcoming sessions.
Therefore, we expect the domination of the bullish trend on the intraday and short term basis, and breaching 66.54 will open the way to target 67.68 followed by 69.08 levels as next main stations, while breaking 65.40 represents negative factor that will push the price to decline again.
Expected trading range for today is between 65.00 support and 68.00 resistance.
Expected trend for today: Bullish
Origin: Economies
