Brent oil price continues to rise gradually from our main waited target at 36.00, which represents the recorded top in the last month, pointing that the price gets positive signals by the EMA50 and stochastic, to support the chances for surpassing the mentioned level and heading towards 37.10 as a next main station.
Therefore, we wait for more of the upside moves in the upcoming sessions, taking into consideration that breaking 34.60 will push the price to begin an intraday bearish correction before the resturn to the upside again.
The expected trading range for today is between 34.00 support and 37.50 resistance.
The expected trend for today: Bullish
Origin: Economies
