Brent oil price shows more bullish bias to settle above 30.00$ barrier now, which supports the continuation of the bullish trend scenario on the intraday basis, and we believe that the way is open to achieve our targets that start at 31.55 and extend to 32.50.
The EMA50 supports the price from below, reinforcing the chances of achieving more gains in the upcoming sessions, noting that the continuation of the bullish wave conditions holding above 29.00.
The expected trading range for today is between 29.00 support and 33.00 resistance.
The expected trend for today: Bullish
Origin: Economies
