Brent oil price breached 49.84 level strongly and settled above it, which leads the price to resume the main bullish trend again, to head towards achieving new positive targets that start at 53.10.
The EMA50 supports the suggested bullish wave, which will remain valid and active unless breaking 49.30 level and holding below it.
The expected trading range for today is between 49.00 support and 52.00 resistance.
The expected trend for today: Bullish
Origin: Economies
