Brent oil price rallied upwards strongly yesterday to breach 66.54 level and settles above it, as the price fluctuates around the first positive target at 67.68, confirming activating the bullish trend scenario on the intraday and short term basis, waiting to extend the bullish wave to target 69.08 level as a next station.
Therefore, we are waiting for more rise for today supported by the EMA50, noting that holding above 66.54 represents key condition to continue the expected rise.
Expected trading range for today is between 66.50 support and 69.50 resistance.
Expected trend for today: Bullish
Origin: Economies
