Brent oil price trades near the sideways range resistance line located at 66.54, and the sideways bias still dominant on the intraday basis until the price manages to confirm breaching one of this range’s lines represented by the mentioned resistance at 64.00 support.
Note that breaching 66.54 will open the way to resume the main bullish trend that its positive targets begin at 67.68 followed by 69.08, while breaking 64.00 will force the price to head towards 61.71 initially before determining the next short term trend.
Expected trading range for today is between 64.00 support and 67.68 resistance.
Expected trend for today: Sideways
Origin: Economies
