Brent oil price settles above 62.92 level, to keep the bullish trend scenario active in the upcoming period, supported by stochastic getting rid of the negative momentum and heading towards the oversold areas, waiting to target 64.35 followed by 65.92 levels as next main stations.
We should note that breaking 62.92 and holding below it will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bullish
Origin: Economies
