Brent oil price managed to breach the EMA50 to get good positive motive that supports the expectations of continuing the bullish trend, to keep our positive overview that targets visiting 65.92 level as a next main station.
Note that breaching 64.60 will complete forming double bottom pattern that has positive targets that surpass 65.92, while the bullish trend will remain valid and suggested in the upcoming sessions unless breaking 62.92 level and holding below it.
The expected trading range for today is between 62.50 support and 65.92 resistance.
The expected trend for today: Bullish
Origin: Economies
