Brent oil price shows positive trades now to test the broken support of the main bullish channel that turns into key resistance now at 68.25, noticing that stochastic provides positive overlapping signal now, which makes us suggest breaching the mentioned level and regain the main bullish trend, especially that the EMA50 supports the price from below.
Therefore, the bullish trend will be expected for today, noting that the main waited targets begin at 70.00 followed by 72.65 levels, while achieving them conditions holding above 67.35 and the most important above 66.20.
The expected trading range for today is between 67.35 support and 70.00 resistance.
The expected trend for today: Bullish
Origin: Economies
