Brent oil price provided negative trades yesterday and attempted to break 62.50 level, but it returns to hold above this level, as the intraday bullish channel’s support line managed to protect the price from achieving more decline, to keep the bullish trend scenario valid and active in the upcoming sessions, waiting to visit 65.40 level mainly.
The EMA50 supports the positive overview, which will remain valid unless breaking 62.50 level and holding below it.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bullish
Origin: Economies
