Brent oil price begins today with bearish bias to test the key support 40.23, and as we mentioned yesterday, the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking it will press on the price to test 39.30 level initially, and might extend to 37.40 after surpassing the previous level.
Until now, the bullish trend scenario still suggested in the upcoming sessions conditioned by the price stability above 40.23, reminding you that our main waited target reaches 42.70.
The expected trading range for today is between 39.00 support and 42.40 resistance.
The expected trend for today: Bullish
Origin: Economies
