Brent oil price provided strong negative trades yesterday after failing to confirm breaching 67.68 level, to test the EMA50 now, which forms good intraday support line that protects the price from suffering more losses, accompanied by stochastic gaining the positive momentum clearly.
Therefore, these factors encourage us to expect bullish rebound and resume the bullish trend for today, noting that the waited targets begin at 67.68 and extend to 69.08 after breaching the previous level, reminding you that holding above 65.40 represents the most important condition to continue the expected rise.
Expected trading range for today is between 65.00 support and 68.00 resistance.
Expected trend for today: Bullish
Origin: Economies
