Brent oil price made an initial test to 63.10 yesterday without managing to break it, to lean on the bullish channel’s support line again and rebounds bullishly to head towards the mentioned resistance, motivated by stochastic positivity that appears on the four hours’ time frame, waiting to assist to push the price to breach the mentioned level and rally towards achieving our positive targets that reach 68.00 on the near term basis.
Therefore, our bullish overview will remain valid for the upcoming period unless breaking 61.40 level and holding with a daily close below it.
Expected trading range for today is between 61.25 support and 65.00 resistance.
Expected trend for today: Bullish
Origin: Economies
