Brent oil price tested the key support 43.00 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, and the price needs to breach 43.84 to confirm opening the way to continue rising on the intraday and short term basis, as our next target reaches 44.87.
The EMA50 keeps supporting the price from below to support the positive overview, which will remain valid conditioned by the price stability above 43.00.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish
Origin: Economies
