Brent oil price hovers around the intraday bullish trend line now and keeps its stability above it, to keep the bullish trend scenario valid for the upcoming period, waiting to get enough positive momentum to push the price to achieve our waited positive targets, which start at 31.55 followed by 32.50.
On the other hand, we should note that breaking 29.00 followe by 28.30 levels will stop the suggested rise and puts the price under the negative pressure again.
The expected trading range for today is between 27.60 support and 31.50 resistance.
The expected trend for today: Bullish
Origin: Economies
