Brent oil price attempted to break the key support line – that rises now to 67.15 – but it returned to trade above it, to keep the price confined between the trend confirmation levels represented by the mentioned support and 68.10 resistance, waiting to breach one of these levels to detect the next destination clearly.
We remind you that breaching the mentioned resistance will push the price to resume the main bullish trend that its next targets located at 70.00 followed by 72.65, while breaking the support will press on the price to achieve negative targets that start at 65.00 and extend to 63.95 before any new positive attempt.
The expected trading range for today is between 65.50 support and 69.50 resistance.
The expected trend for today: Neutral
Origin: Economies
