Brent oil price showed strong positivity on last Friday to breach 65.40 level and settles above it, which pushes the price to achieve more expected rise in the upcoming sessions, supported by moving above the EMA50, waiting to target 66.54 followed by 67.68 levels as next main stations.
Therefore, we suggest witnessing more bullish bias for today unless breaking 65.40 level and holding below it, as breaking this level will push the price to test 64.00 level initially before determining the next destination clearly.
Expected trading range for today is between 64.00 support and 67.68 resistance.
Expected trend for today: Bullish
Origin: Economies
