Brent oil price rallied upwards strongly yesterday to breach 62.50 level and settles above it, which stops the recently suggested negative scenario and push the price to achieve more expected rise in the upcoming period, expecting to lead on the support base formed above the breached resistance to rally towards 65.40 as a next main target.
Therefore, the bullish trend will be expected for today, noting that breaking 62.50 will stop the positive overview and put the price under the negative pressure again.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bullish
Origin: Economies
