Brent oil price begins today’s trading with strong rise to breach 61.10 level and settles above it, which turns the intraday track to rise, waiting to visit 63.95 level as a next main station.
Therefore, the bullish trend will be expected for today, noting that breaching the mentioned level will push the price towards 70.00 on the near term basis, while breaking 61.10 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 61.00 support and 64.50 resistance.
Expected trend for today: Bullish
Origin: Economies
