Brent oil price continues to rise, organized inside the intraday bullish channel that appears on the chart, as it leaned on its support line recently, waiting to resume the bullish trend that its targets begin by surpassing 43.38 to open the way to head towards 45.50 as a next main station.
Therefore, the bullish trend scenario will remain active for today, noting that breaking 41.40 will force the price to turn to decline and achieve negative targets that start at 40.50 and extend to 37.86.
The expected trading range for today is between 41.00 support and 44.50 resistance.
The expected trend for today: Bullish
Origin: Economies
