Brent oil price provided clear positive trades in the previous sessions, to surpass 46.00 barrier and settles above it, reinforcing the expectations of continuing the bullish trend in the upcoming period, reminding you that our next targets reach 47.60 followed by 49.00.
The bullish channel supports the chances of achieving more gains on the short term and medium term basis, noting that breaking 44.75 will stop the suggested rise and press on the price to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 45.00 support and 47.60 resistance.
The expected trend for today: Bullish
Origin: Economies
