Brent oil price stoped yesterday at 31.50, and bounced higher strongly to settle above 37.00$ barrier now, to begin building a bullish track that supports the chances for achieving more of the gains on the intraday basis, in its way to visit 41.17 level as an initial main station.
therefore, the bullish trend will be expected for today, pointing that breaching the targeted level will push the price to 45.60 to cover the bearish gap that appeared yesterday, being aware that breaking 34.60 will stop the suggested bullish wave and puts the price under the negative pressure again.
The expected trading range for today is between 35.50 support and 40.00 resistance.
The expected trend for today: Bullish
Origin: Economies
