Brent oil price tested the key support 66.50 and kept its stability above it, as the EMA50 managed to protect the mentioned level, while stochastic provides positive signals now.
Therefore, we believe that the chances are valid to resume the expected bullish trend on the intraday and short term basis, which its next target extends to reach 72.62, noting that breaking 66.50 will press on the price to visit 63.95 areas before any new attempt to rise.
The expected trading range for today is between 66.00 support and 69.00 resistance.
The expected trend for today: Bullish
Origin: Economies
