Brent oil price rallied upwards strongly in the previous sessions to breach 36.96 level and settles above it, which stops the recently suggested negative scenario and lead the price to resume the main bullish trend, on its way to achieve positive targets that start at 39.00 and extend to 42.40.
The EMA50 and stochastic support the expected rise, which will remain valid unless we witnessed clear break to 35.65 level and holding below it.
The expected trading range for today is between 36.50 support and 39.50 resistance.
The expected trend for today: Bullish
Origin: Economies
