Brent oil price succeeded to achieve our second target at 69.08 and breached it strongly to settle above it now, which opens the way to extend the price gains on the short term basis, paving the way to head towards the previous recorded top at 71.36 as a next main station.
Therefore, we will keep our bullish overview in the upcoming sessions conditioned by the price stability above 69.08, as breaking this level might push the price to test 67.68 level before any new attempt to rise.
Expected trading range for today is between 68.00 support and 71.36 resistance.
Expected trend for today: Bullish
Origin: Economies
