Brent oil price succeeded to achieve our second waited target at 47.70 and breached it by today’s open, to open the way to continue the rise on the short term and medium term basis, to head towards visiting 50.70 that represents our next positive target.
Therefore, we are waiting for more expected rise in the upcoming sessions, which will remain valid conditioned by the price stability above 46.50.
The expected trading range for today is between 47.00 support and 50.00 resistance.
The expected trend for today: Bullish
Origin: Economies
