Brent oil price attempted to break 29.00 level yesterday but it returned to settle above it, which keeps our bullish overview valid for the upcoming period, supported by the positive signal that appears on stochastic, waiting to visit 31.55 level as a next target.
On the other hand, we should note that breaking 29.00 followed by 28.60 levels will stop the suggested positive scenario and pushes the price to decline againd and head towards 27.10 initially.
The expected trading range for today is between 28.60 support and 32.00 resistance.
The expected trend for today: Bullish
Origin: FreshForex
