Brent oil price achieved initial breach to the bullish pennant’s resistance and attempts to confirm the stability above it, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards our next waited target at 47.60.
Therefore, the bullish trend will remain dominant on the intraday and short term basis, reminding you that holding above 44.40 is important to achieve the suggested targets.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bullish
Origin: Economies
