Brent oil price settles above the minor bearish channel’s resistance that forms bullish flag pattern, which provides positive motive that we are waiting to push the price to achieve more gains in the upcoming sessions, as our next main target is located at 80.48.
Therefore, we will continue to suggest the bullish trend for today conditioned by the price stability above 77.95, noting that the EMA50 keeps supporting the price from below.
Expected trading range for today is between 77.00 support and 80.48 resistance.
Expected trend for today: Bullish
Origin: Economies
