Brent oil price crawls upwards calmly, and continues to approach 65.40 level, to keep the bullish trend scenario valid for the upcoming period, supported by the EMA50 that reinforces the chances of continuing the bullish bias inside the bullish channel that appears on the chart, noting that breaching the mentioned level will lead the price to achieve extended gains that reach 68.95.
On the other hand, we should note that the continuation of the suggested bullish wave depends on the price stability above 62.50.
The expected trading range for today is between 63.50 support and 66.00 resistance.
The expected trend for today: Bullish
Origin: Economies