Brent oil price resumes its positive trades after testing 61.10 level and holding above it, getting positive support by the EMA50, waiting for more rise during the day, as our first positive target is located at 63.95.
Note that breaching the targeted level will extend Brent oil price gains to reach 70.00$ per barrel barrier, while holding above 61.10 is important to achieve the suggested targets.
Expected trading range for today is between 61.00 support and 64.50 resistance.
Expected trend for today: Bullish
Origin: Economies
