Brent oil price resumed its positive trades clearly yesterday to reach 43.50 level, which supports the continuation of our bullish overview, which gets good support by the EMA50, as the price is organized inside an intraday bullish channel that supports the chances of achieving our positive targets that start at 44.10 and extend to 46.43.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested rise, taking into consideration that breaking 42.50 will cause potential turn to the intraday track to decline and visit 40.00 areas before any new positive attempt.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish
Origin: Economies
