Brent oil price succeeded to reach our first waited target at 67.68 and settles there now, waiting to breach this level to confirm extending the bullish wavt towards 69.08, noting that the EMA50 keeps providing the positive support to the price, to reinforce the chances of achieving the required breach.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 65.40 level and holding below it, noting that stochastic current negativity might force the price to provide some sideways trading before resuming the expected rise.
Expected trading range for today is between 66.50 support and 69.08 resistance.
Expected trend for today: Bullish
Origin: Economies
