Brent oil price faced strong negative pressure on last Friday to test the key support 63.95 and rebounds upwards quickly from there to return to the symmetrical triangle that appears on the chart, on its way to breach this pattern’s resistance and get strong positive motive that supports the expectations of continuing the main bullish trend.
Therefore, we believe that the chances are valid to achieve gains in the upcoming sessions, as our next positive targets located at 68.00 followed by 72.65, noting that holding above 65.25 represents the first condition to continue the suggested bullish trend.
The expected trading range for today is between 65.00 support and 68.00 resistance.
The expected trend for today: Bullish
Origin: Economies
