Brent oil price begins today’s trading with strong positivity in attempt to move away from 69.08 level, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, opening the way to visit the previously recorded top at 71.36, which represents our next main station.
Therefore, we will keep our bullish overview on the intraday and short term basis supported by the positive signal provided by stochastic now, noting that the continuation of the expected rise depends on holding above 69.08 and the most important above 67.68 levels.
Expected trading range for today is between 68.00 support and 71.36 resistance.
Expected trend for today: Bullish
Origin: Economies
