Brent oil price shows new retest to the breached neckline of the double bottom pattern at 63.30 and keeps its stability above it until now, to keep the positive effect of this pattern active, supported by stochastic positivity, waiting to resume the bullish trend that targets 65.92 level as a next station.
The EMA50 continues to support the expected bullish wave, which its continuation conditions holding above 63.30 and 62.92 levels.
The expected trading range for today is between 62.50 support and 65.50 resistance.
The expected trend for today: Bullish
Origin: Economies
