Brent oil price tests the sideways range’s resistance line at 44.40 and attempts to breach it, which hints the price head to resume the main bullish trend, but we need to get a daily close above the mentioned level to confirm rallying towards positive targets that starts at 45.00 and extend to 46.10.
Therefore, the sideways range will remain dominant until the price manages to breach 44.40 resistance or break 42.85 support to detect its next targets clearly.
The expected trading range for today is between 43.00 support and 46.00 resistance.
The expected trend for today: Sideways
Origin: Economies
