Brent oil price opens today’s trading with new rise to approach 55.00$ barrier, reinforcing the expectations of continuing the main bullish trend, which its next target located at 55.87, noting that the EMA50 continues to support the suggested bullish wave, which its targets extend to 57.77 after surpassing the previous level.
Holding above 52.25 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave before turning back to rise again.
The expected trading range for today is between 53.50 support and 56.20 resistance.
The expected trend for today: Bullish.
Origin: Economies
