Brent oil price continues to fluctuate within sideways track, confined between 64.00 support and 65.40 resistance, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next track clearly, which keeps our neutrality valid until now.
We remind you that breaking the mentioned support will push the price to head towards 61.71 as a next main station, while breaching the resistance will lead the price to achieve gains that start at 66.54 and extend to 67.68 followed by 69.08.
Expected trading range for today is between 64.50 support and 66.54 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
