The tight range dominates Brent oil price trades, which continues to fluctuate around 71.50, therefore, no change to the expected bullish trend scenario on the intraday and short term basis, which depends on the price stability above 70.35, while our next target is located at 72.65.
We remind you that surpassing this target will extend the bullish wave to reach 74.00 as a next station, while breaking 70.35 will press on the price to test the main bullish channel’s support at 68.85 before any new attempt to rise.
The expected trading range for today is between 70.35 support and 73.50 resistance.
The expected trend for today: Bullish
Origin: Economies
