Brent oil price shows more positive trades and attempts to move away from the bullish channel’s support line, getting continuous positive support by the EMA50, which keeps our bullish overview valid and active for the upcoming period, reminding you that our waited positive targets located at 45.25 followed by 46.50.
On the other hand, we should note that the continuation of the bullish wave requires holding above 43.00, as breaking this level will press on the price to achieve more intraday bearish correction before turning back to rise again.
The expected trading range for today is between 43.00 support and 46.00 resistance.
The expected trend for today: Bullish
Origin: Economies
