Brent oil price tested 36.00 level and kept its stability above it, noticing that stochastic provides a positive overlapping signal, which supports the chances for resuming the expected bullish trend in the upcoming period, and its next target at 38.25.
The EMA50 supports the price from below to reinforce the positive scenario, which will remain valid and active conditioned by the price stability above 35.45.
The expected trading range for today is between 35.00 support and 38.00 resistance.
The expected trend for today: Bullish
Origin: Economies
