Brent oil price shows more strong rises to reach 40.00$ barrier, hinting that the way is open to continue the main bullish trend, reminding you that our next targets locted at 42.40 followed by 43.25.
The EMA50 keeps supporting the suggested bullish wave, noting that breaking 39.00 will press on the pricec to start intraday bearish correction that might target areas that extend to 36.95 before any new attempt to rise.
The expected trading range for today is between 38.70 support and 42.40 resistance.
The expected trend for today: Bullish
Origin: Economies
