Brent oil price continues to rise and attempt to return to the intraday bullish channel, supported by the EMA50 that continues to carry the price from below, reinforcing the chances of continuing the main bullish trend, which targets 47.60 level as a next main station.
In general, we will continue to suggest the bullish trend for the upcoming period unless we witnessed clear break to 44.40 and holding with a daily close below it.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bullish
Origin: Economies
