Brent oil price started today with strong bullish rally to surpass our first waited target at 49.00 and confirms the continuation of the bullish trend in the upcoming period, and the way is open to head towards our next waited target at 50.50, which breaching it represents positive facot that will extend Brent oil price to reach 53.08.
The EMA50 continues to support the suggested bullish wave, which its continuation requires holding above 48.35.
The expected trading range for today is between 48.35 support and 51.00 resistance.
The expected trend for today: Bullish
Origin: Economies
