Brent oil price shows calm positive trades in attempt to move away from the intraday bullish channel’s support line, supported by the EMA50 that carries the price from below, which keeps our bullish overview valid for the upcoming period, which targets 44.10 followed by 46.50 levels mainly.
On the other hand, we should note that breaking 42.20 will stop the expected rise and press on the price to turn to decline and visit 40.23 areas before any new attempt to rise.
The expected trading range for today is between 42.00 support and 44.40 resistance.
The expected trend for today: Bullish
Origin: Economies
