Brent oil price continues to fluctuate around the main bullis channel’s support line, noticing that the EMA50 meets this support to add more strength to it and protects trading inside the mentioned channel, to keep the bullish channel active for the upcoming period, reminding you that our main waited target is located at 72.65.
Holding above 69.00 is important to continue the expected rise, as breaking it will press on the price to decline and visit areas that start at 66.00 and might extend to 63.95 before any new attempt to rise.
The expected trading range for today is between 68.00 support and 71.00 resistance.
The expected trend for today: Bullish
Origin: Economies
