Brent oil price shows more of the sideways and tight range trading, noticing that stochastic provides positive signals now, while the EMA50 keeps providing positive support from the price.
Therefore, we keep preferring the bullish trend for today conditioned by holding above 70.35, reminding you that our next target is located at 72.65, being aware that breaking 70.35 will push the price to test 69.05 level before any new attempt to rise.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bullish
Origin: Economies
