Brent oil price shows more bullish bias to start testing 49.00$ barrier, reinforcing the expectations of continuing the bullish trend, organized inside the bullish channel that appears on the chart, waiting for more rise to achieve our main expected target at 50.70.
The EMA50 keeps supporting the suggested bullish wave, taking into consideration that holding above 48.20 represents initial condition to continue the expected rise.
The expected trading range for today is between 47.60 support and 50.70 resistance.
The expected trend for today: Bullish
Origin: Economies
