Brent oil price trades with calm positivity to test 61.00 barrier, waiting for more rise supported by the EMA50, as it keeps carrying the price from below, noting that we are waiting to visit 63.95 level as a next station.
Stochastic negativity interprets the reasons of the difficulty to continue the expected rise, reminding you that its important to hold above 58.90 to continue the bullish trend.
Expected trading range for today is between 60.00 support and 63.00 resistance.
Expected trend for today: Bullish
Origin: Economies
