Brent oil price could not manage to hold for long time below 42.17, to breach it and head to achieve more expected gains in the upcoming sessions, on its way to test 43.00 level initially, noting that breaching this level will push the price to 43.84 followed by 44.87 levels as next positive targets.
Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, noting that breaking 42.17 and holding below it will press on the price to decline again and head towards 41.14 initially.
The expected trading range for today is between 41.50 support and 44.50 resistance.
The expected trend for today: Bullish
Origin: Economies
