Brent oil price confirmed breaching 45.25 level after closing yesterday above it, showing new positive trades to hint that the way is open to visit our next positive station that reaches 47.70.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, organized inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave conditions holding above 44.95.
The expected trading range for today is between 44.95 support and 47.70 resistance.
The expected trend for today: Bullish
Origin: Economies
