Brent oil price rallied upwards strongly by today’s open to breach 40.23 level and settles above it, which leads the price to turn to rise and stop the recently suggested negative scenario, on its way to achieve positive targets that start at 41.50 and extend to 43.00.
Therefore, the bullish bias will be suggested for today, noting that the continuation of the bullish wave depends on the price stability above 40.23.
The expected trading range for today is between 39.40 support and 42.30 resistance.
The expected trend for today: Bullish
Origin: Economies
