Brent oil price resumed its positive trading after consolidating above 55.78, to head towards achieving positive targets that start at 57.77 and extend to 60.65, supported by the EMA50 that continues to carry the price from below.
On the other hand, we should note that breaking 55.78 will press on the price to test 54.80 level before any new attempt to rise.
The expected trading range for today is between 55.00 support and 57.77 resistance.
The expected trend for today: Bullish
Origin: Economies
