Brent oil price fluctuates within tight track since yesterday, crawling calmly towards the key resistance 41.76, which represents one of the next trend keys besides 40.40 support, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next targets clearly, which keeps our neutrality valid until now.
Note that surpassing the resistance will lead the price to achieve additional gains that start by testing 43.38 areas initially, while breaking the support will push the price to head towards 37.86 mainly before any new attempt to resume the main bullish trend.
The expected trading range for today is between 40.00 support and 43.38 resistance.
The expected trend for today: Neutral
Origin: Economies
