Brent oil price settles above the symmetrical triangle’s resistance, to keep the positive effect of this pattern active, supported by moving above the EMA50, while stochastic provides positive signals now, waiting to resume the bullish wave that targets 68.00 followed by 72.65 levels as next main stations.
Therefore, the bullish trend will remain suggested for today unless breaking 65.45 level and holding below it, as breaking this level will press on the price to test 63.95 areas again before any new attempt to rise.
The expected trading range for today is between 65.55 support and 69.00 resistance.
The expected trend for today: Bullish
Origin: Economies
