Brent oil price traded positively yesterday, starting today with more rise to hint heading to return to the bullish track and stop the recently suggested correctional bearish scenario, on its way to visit 43.38 as a first positive station.
Therefore, we expect witnessing more rise in the upcoming sessions, noting that breaching the mentioned level will open the way to achieve more gains that reach 45.50 on the near term basis, while the expected rise will remain valid unless breaking 40.85 level and holding below it.
The expected trading range for today is between 40.85 support and 44.00 resistance.
The expected trend for today: Bullish
Origin: Economies
