Brent oil price opens today’s trading with bearish bias to move below 43.00, but we notice that the EMA50 forms good support to protect the price from achieve more decline, accompanied by stochastic reach to the oversold areas.
Therefore, these factors encourage us to keep the bullish overview, which targets 46.43 areas mainly, noting that breaking 42.10 will stop the suggested rise and press on the price to test 40.00 level initially.
The expected trading range for today is between 41.50 support and 44.00 resistance.
The expected trend for today: Bullish
Origin: Economies
